Layer-1 Altcoin KAIA Stumbles Following New Surprise Binance Listing
Layer-1 blockchain Kaia (KAIA) is dipping in price after abruptly gaining support from Binance, the world’s largest crypto exchange platform by trading volume. In a new announcement, Binance says it’s added the Ethereum Virtual Machine (EVM)-based digital asset to its suite of products starting on October 31st. “Binance is excited to announce that Kaia will be added to Binance Simple Earn, ‘Buy Crypto,’ Binance Convert, and Binance Margin.” News of the listing has not had an overwhelmingly positive impact on KAIA as the crypto asset saw a sudden decrease in price. KAIA went from a peak of $0.150 on October 31st to its current price of $0.136, a drop of 9.3%. According to Kaia’s official website, the smart contract platform aims to provide enterprise-grade performance and reliability while lowering fees and providing high-speed transfers. “Kaia blockchain aims to achieve immediate finality for transactions, provide ...