• Binance. Avalanche will be listed in the United States following yet another recent ATH

  • Binance.US has announced that it will now list Avalanche (AVAX) and will soon allow trading deposits. According to a notice issued by the exchange, open trading on the AVAX/USD and AVAX/USDT pairs will begin on November 18th.

    This development follows the listing of AVAX on Binance.com last year. In addition, the exchange announced last month that it will support the Avalanche (AVAX) network upgrade.

    The project has recently gained a lot of attention. AVAX, which was priced at $3.4 at the start of the year, has grown by a whopping 2870 percent year to date. It’s also worth noting that Avalanche recently raised $230 million in a private token sale. The investment was led by renowned crypto-funds such as Polychain and Three Arrows Capital.

    Avalanche, which enables the creation of customized, interoperable blockchains, competes with blockchains such as Ethereum and Solana. While the foundation is working on several DeFi projects, it also recently signed a partnership with Deloitte. Notably, the Big Four accounting firm intends to use the Avalanche blockchain to build more efficient disaster relief platforms.

    This strategic partnership will also aid in the expediting of disaster reimbursement applications to the Federal Emergency Management Agency (FEMA). As a result, state and local government officials benefit.

    Emin Gün Sirer, the company’s founder and CEO, stated,

    “This effort combines Avalanche’s speed, resilience, and adaptability with Deloitte’s Fortune 100 enterprise knowledge.”

    Furthermore, shortly after the news broke, the cryptocurrency skyrocketed to an all-time high of $110 on November 17th.

    Avalanche had also formed a $220 million Blizzard Investment Fund earlier in November in order to attract more developers. The next initiative follows a $180 million DeFi scheme in which protocols such as Aave and Curve participated. Grayscale recently announced that it is considering adding Avalanche as an asset.

    One of the primary reasons for the token’s upward trend is institutional interest in Avalanche. At the time of publication, Avalanche’s Total Value Locked had reached a new high of $11 billion. As a result, Avalanche has a market capitalization of close to $23.2 billion, making it the market’s twelfth-largest cryptocurrency.

    Avalanche (AVAX) has a one-day gain of 7.9 percent and a weekly return of 23.9 percent on CoinGecko.

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