Binance Announces the Listing of a BRC-20 Token, Will BTC Surge?

• Binance announced on its blog today that it will be listing SATS at 12:00 UTC today.
• SATS is a BRC-20 token that pays tribute to Bitcoin’s founder Satoshi Nakamoto.
• An ascending triangle has emerged on BTC’s 4-hour chart, which suggests that its price may enter into a bullish move soon.

The leading cryptocurrency exchange platform Binance announced on its blog today that it will be listing BRC-20 SATS (1000SATS) at 12:00 UTC today. According to the post, the platform will open trading for three new spot trading pairs; 1000SATS/USDT, 1000SATS/FDUSD and 1000SATS/TRY.

In addition to these spot trading pairs, the blog post revealed that 1000SATS will also be added as a borrowable asset. This new margin pair will be opened for trading within 48 hours after the spot trading pairs go live, according to the post.

SATS is a BRC-20 token that pays homage to Satoshi Nakamoto, the creator of Bitcoin (BTC). The token’s name, SAT, is an abbreviation for satoshi, which is the smallest unit of BTC. Although the project’s name is linked to Bitcoin and its creator, Binance highlighted that the token is a meme coin and is inscribed by an anonymous team. 

Given the…

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