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The largest cryptocurrency exchange in the world by trade volume Binance US, the US arm of Binance, has announced support for the Flare Networks smart contract platform’s Spark Token Airdrop which is expected to occur this month.
Binance US is the latest to participate in the distribution of Spark
Following in the footsteps of cryptocurrency exchange Binance, the US-based cryptocurrency exchange also announced it is taking part in XRP’s Flare Networks token airdrop. Binance US is the latest major cryptocurrency exchange to participate in the Spark distribution.
The snapshot is scheduled for December 12th. The cryptocurrency exchange said it will suspend the withdrawal and deposit service for XRP digital currency in fourth place on December 11th. “at 5:00 PM EST / 1:00 PM PST for the duration of the snapshot until December 12, 2020.“However, the exchange said there will be no effect on XRP’s trading process during this time frame.
While making the announcement on December 3, the cryptocurrency exchange remarked: “In order for your XRP to qualify for the Snapshot, it must be in your Binance.US balance prior to the Snapshot Period. Any XRP in orders will not be eligible“.
41 Crypto exchanges now support Spark Airdrop
With the addition of the Binance US cryptocurrency exchange, the total number of digital currency exchanges supporting this token airdrop has now reached 41. However, the major San Francisco-based cryptocurrency exchange Coinbase has not yet announced support. for this token airdrop so far. His team seems to hesitate to have a conversation with the Fare Networks team.
On the other hand, the CEO of blockchain payments company Ripple Brad Garlinghouse considers it an interesting startup. Speaking about this startup in an interview, he said:
“For me it’s just one more example of people’s recognition that XRP is such an efficient digital asset … The utility will drive the long-term value of any digital asset. Seeing a company like Flare Networks and seeing it use the XRP network in various ways, I think, is an opportunity that could go on but does not impact RippleNet customers.“
