Binance.US lists IOTA and its price continues consolidating

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US announced that it will be listing IOTA on its retail platform for U.S. cryptocurrency investors.

IOTA is a permissionless distributed ledger technology built by the IOTA Foundation.

This will be the first time IOTA is listed in a fully regulated cryptocurrency exchange in the U.S., according to Dan Simerman, head of financial relations at the IOTA Foundation.

This] will signal a lot of our other US counterparts that they can feel comfortable adding IOTA," added Simerman.

At the moment, users can start depositing IOTA and BUSD into their accounts.

US platform as of Oct. 22 at 9:00 PM EST. Both IOTA and BUSD will be listed against the US dollar, but the latter will also be traded against Bitcoin.

Despite the positivism that the listing of IOTA brought to the crypto community, the market value of this cryptocurrency is lurking.

Since Sept. 25, IOTA has been consolidating mostly between $0.26 and $0.29.

The direction of IOTA's trend will depend on its ability to trade outside of the trading range between $0.26 and $0.29.

Coinbase has been aggressively listing new digital assets as a move to strengthen its market position and now IOTA could be the next one.

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