Binance allows trading and staking for three more Chiliz fan tokens like OG, ASR and ATM in its innovation Zone and open trading against major crypto-assets like USDT and BTC as we read more in today’s Binance news.
Binance is the world’s biggest crypto exchange by trading volume and listed another batch of fan tokens by most sports-focused token platform Chiliz. Now, Binance allows trading and staking for Dota 2 esports team OG, AS Roma Football Club ASR, and Atletico de Madrid Football ATM as sports fan tokens, according to the new announcement by Binance launchpool.
As a part of the new allocations, Binance users will be able to stake Binance Coin, Chiliz, Binance Dollar against ATM, ASR, and OG fan tokens starting tomorrow, December 24 up to January 23, 2021. Starting in a few days, Binance will list OG, ASR, and ATM in its innovation Zone and open trading against major crypto-assets like Tether and BTC. The upcoming trading pairs include OG/USDT, OG/BTC, ATM/BTC, ATM/USDT, ASR/USDT, and ASR/BTC.
Binance CEO Changpeng Zhao said that the traditional sports industries are exploring more about crypto as they engage harder:
“Fan tokens have been well-received by our users, and we are happy to work closer with Chiliz to continue providing access to them.”
The latest development brings the second phase of the new partnership between Binance and Chiliz after they already announced the strategic partnership earlier in December. In conjunction with the announcement, Binance announced the listing of the Chiliz fan tokens for the Paris Saint Germain club and Juventus as well on its Binance launchpool. CEO and founder of Chiliz Alexandre Dreyfus said that the companies expect to add:
“many more partners from the sports and entertainment space in the near future.”
Dreyfus noted that the collaboration will likely boost the industry’s digital transformation and monetization ecosystem. Socios and Chiliz are expanding their leadership as the global fan token providers. Back in August, both of these companies announced plans to launch a Visa debit card featuring the fan tokens for major teams such as FC Barcelona. In 2020, Brazil’s biggest crypto exchange Mercado Bitcoin, launched CHZ trading against the Brazilian real while Chiliz and Socios sold $1.3 million worth of FC Barcelona’s Fan tokens in less than a few hours.
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