Binance Adds Osmosis (OSMO) to Its Listing, Boosting Access to Cosmos DEX

Binance will list Osmosis (OSMO) in the Innovation Zone and will open trading for these spot trading pairs at 2022-10-28 10:00 (UTC)

Galvin Yu

• Updated: Friday, October 28, 2022, 06:39

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Binance, one of the largest cryptocurrency exchanges in the world, has announced that it will be listing Osmosis (OSMO) on its platform. Osmosis is a decentralized exchange (DEX) built on the Cosmos SDK, which enables users to swap tokens across different blockchains.

Binance will list Osmosis (OSMO) in the Innovation Zone and will open trading for these spot trading pairs at 2022-10-28 10:00 (UTC):

• New Spot Trading Pairs: OSMO/BTC, OSMO/BUSD and OSMO/USDT
• Users can now start depositing OSMO in preparation for trading
• Withdrawals for OSMO will open at 2022-10-29 10:00 (UTC)
• OSMO Listing Fee: 0 BNB

Note: The withdrawal open time is an estimated time for users’ reference. Users can view the actual status of withdrawals on the withdrawal page. In addition, Binance will add OSMO as a new borrowable asset on Cross Margin and Isolated Margin, as well as these new margin pairs, within 48 hours from 2022-10-28 10:00 (UTC):

• New Cross Margin Pairs: OSMO/BUSD, OSMO/USDT
• New Isolated Margin Pairs: OSMO/BUSD, OSMO/USDT

The listing of Osmosis on Binance is a significant milestone for the project, as it is expected to increase its visibility and accessibility to a wider audience. Osmosis has gained a strong following among the Cosmos community, and its launch in 2021 was met with much fanfare due to its unique features and design.

One of the key features of Osmosis is its use of liquidity pools, which allow users to earn rewards by providing liquidity to the platform. This has led to a vibrant ecosystem of liquidity providers and traders, who are incentivized to participate in the platform in order to earn rewards and trade their favorite tokens.

The listing of Osmosis on Binance is expected to bring even more liquidity to the platform, as it will enable users to trade OSMO against other popular cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB). This will also make it easier for new users to access the platform, as they can simply deposit their favorite cryptocurrency into Binance and trade it for OSMO.

The listing of Osmosis on Binance is a testament to the growing popularity of decentralized exchanges and cross-chain interoperability in the cryptocurrency industry. As more and more projects like Osmosis emerge, we can expect to see a shift towards a more decentralized and inclusive financial system, where anyone can easily access and participate in the global economy.

In conclusion, the listing of Osmosis on Binance is a significant event that highlights the growing importance of decentralized exchanges and cross-chain interoperability in the cryptocurrency industry. It is expected to bring more liquidity and accessibility to the Osmosis platform, and to further cement its position as a leading DEX in the Cosmos ecosystem.

Osmosis is an interchain layer-1 automated market maker (AMM) decentralised exchange (DEX) on the Cosmos blockchain. OSMO is the native governance and utility token.

Osmosis WebsiteOsmosis Website

This article was originally published on: Oct 28, 2022 at 06:39 AM

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