Aion Jumps 19% After Binance Announces Mainnet Swap Support | cryptozapper

Aion Jumps 19% After Binance Announces Mainnet Swap Support

Months after launching its mainnet, Aion has finally gained support from the world’s largest exchange.

The price of Aion (AION), a multi-tier blockchain system designed for scalability, privacy, and interoperability, is currently up around 19% to $0.46 after Binance announced that it would be supporting the mainnet swap several months after the network officially went live.

“Deposits and withdrawals of AION will be suspended starting from 2018/10/15 10:00 AM (UTC), at which point we will begin the mainnet swap process,” states Binance in the announcement.

The news comes roughly 3 months after Aion’s first exchange listing for its new native coin, which was completed on the little-known Bilaxy exchange. Aion’s mainnet officially went live on April 25 of this year, laying the foundation of the network’s multi-chain framework.

The recent surge in price is almost entirely driven by trading activity on Binance, with a 24-hour trading volume of more than $11 million. As a point of reference, the second largest exchange in terms of AION trading volume is KuCoin, with $57,000 over the last 24 hours.

As a result, Aion now has a $103.6 million market cap, making it the 56th largest cryptocurrency in the AltDex 100 Index (ALT100).

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