Binance and Huobi include Hive on their platforms

On April 27, Binance, one of the world's largest cryptocurrency exchanges, announced commercial support for Hive, the community-led fork of Steem.

Binance and Huobi include Hive on their platforms

Justin Sun getting worse

On April 27, Binance, one of the world's largest cryptocurrency exchanges, announced commercial support for Hive, the community-led fork of Steem. Currently withdrawals and deposits are not activated and since Binance have announced that these two options are activated on April 29. The pairs that can be traded against Hive are: Bitcoin (BTC), Tether (USDT) and Binance Coin (BNB).

A month ago, Binance and Huobi earmarked funds to support Justin Sun, founder of the controversial Tron network and recent acquirer of Steemit Inc., in his attempt to take over the Steem network. After the Steem community's big rejection of the actions taken by Justin Sun, the exchanges thoroughly reviewed Sun's intentions and claimed they were misled by the founder of Tron as to the nature of what they were voting for. Binance CEO Changpeng Zhao revealed conversations with Sun regarding the issue: "I told him directly, explain what you are trying to do to the community and get support first, then do it. Transparency works." After corroborating Sun's intentions, Binance and Huobi quickly withdrew their votes.

Cryptocurrency exchange Huobi announced the inclusion of HIVE on its platform on April 23. After the announcement, the price of HIVE had an impressive upward movement that reached 600% in three days. Andrew Levine, CEO of OpenOrchard and ex-head of communications for Steemit Inc., stated regarding the inclusion of HIVE on the Huobi and Binance exchanges: "I have no problem with Hive appearing on those exchanges, you always want your tokens on the exchanges, there are clients there, there are people who want your token, you want your users to have options."