Binance recently announced support for the CFX (Conflux Network) mainnet integration. After the integration, Binance will allow users to deposit and withdraw CFX tokens.
This can be achieved via BNB Smart Chain, Conflux eSpace, and Conflux Core Space. Binance released an official post to inform users about the support. The post stated that the platform will release a separate announcement once CFX tokens deposits and withdrawals are open on Binance.
Since its launch in 2018, Conflux Network has been helping blockchains accelerate and connect networks. Currently, the network is China’s only regulatory compliant, permissionless, and public blockchain. Given its massive market stature, the network will be a great addition to Binance. On the other hand, the news also sparked interest among CFX users.
As expected, the support from Binance has affected the market price of the Conflux coin. CFX has been doing well for several months, with investors cheering its growth. It started with the developers establishing an agreement with China Telecom.
Ever since then, Conflux has joined hands with multiple parties, including Samurai and Uniswap V3. After Binance made the announcement, users noticed Conflux’s price jumping in close correlation with BTC.
Bitcoin recently crossed the $30,000 resistance level, showing buyers still exist. Similarly, CFX also showcased a 16% jump in its 24-hour prices. The coin is currently trading at 0.44 dollars, while it was placed at 0.373 dollars 24 hours ago.
CFX is trading near its resistance point at 0.4433 dollars and even reached the resistance level at 0.4070 dollars. With more partnerships on the way, CFX is expected to gain even more value in the coming months.
