Nothing like a little peer pressure to get you to move on something!
After weeks and weeks of sitting on deciding whether they would list HIVE or not, they suddenly made an announcement merely days after Huobi listed HIVE...
Coincidence?
Probably not.
Though, also of issue was the fact that so much of their stake is still powered up, so there was that likely holding them back as well.
The official announcement can be seen here:
(Source: https://binance.zendesk.com/hc/en-us/articles/360042363352)
Trading for HIVE on Binance began early this morning, but deposits and withdrawals will have to wait another couple of days.
Which is probably part of the reason we are seeing the decline in prices today.
For those users receiving HIVE via the airdrop, they can't transfer it out to a HIVE wallet, or some other exchange, their only options are to sell them for other coins or hold em.
Where there's smoke there's fire...
For anyone following my blog the other day, you likely saw this coming.
The Binance-Hot wallet on HIVE had recently become active for the first time in months as they were likely testing wallet functionalities.
More on that can be seen here:
@jrcornel/is-binance-about-to-list-hive
Overall this is very bullish for HIVE, but we might have to deal with some dumping in the very near term first, especially if Justin Sun had his HIVE parked on Binance...
Stay informed my friends.
-Doc