Civic (CVC) Soars 35% to All-Time High on Binance Listing
On Monday evening (JST), leading cryptocurrency exchange Binance listed the Ethereum-based ERC20 token, Civic (CVC). The issuer of CVC, Civic Technologies, is in the process of creating an identity management protocol that’s intended to work as a tokenized representation of an individual’s identity.
Binance revealed that CVC will be tradable with three pairs: Binance Coin (BNB), Bitcoin (BTC), and Ethereum (ETH). Binance customers are already able to deposit CVC with the leading crypto exchange. The three trading pairs will all go live on Binance at 09:00 AM (UTC) on May 28th.
— Binance (@binance) May 28, 2018
As is always the case for Binance listings, CVC soared in value almost immediately. Despite another forgetful day for the cryptocurrency market, Civic’s CVC token climbed by roughly 35 percent to achieve an all-time high when pegged against Bitcoin (i.e., CVC/BTC).
Civic Technologies was founded in January 2016 by Vinny Lingham (CEO) and Jonathan Smith (CTO); both of whom reside in the San Francisco Bay Area. Almost a year ago to the day (May 25th), Civic announced the token sale of their Ethereum-based CVC token; the crowdsale commenced on June 21st and the hard cap was achieved by the next day.
Binance Been Busy
The Civic listing marked the second of two announcements published by the ever-active Binance exchange on Monday. Roughly five hours prior, they also made available two more trading pairs for the already-listed EOS token: EOS/BNB and EOS/USDT.
With these two trading pairs having gone live at 05:00 AM (UTC) on May 28th, EOS can now be traded on all four of Binance’s markets (the other two being EOS/BTC and EOS/ETH).
In addition to the two EOS trading pair additions, Binance revealed that they will “initiate the mainnet swap procedure on 2018/05/31.”