Binance today announced in its official blog that it will support the ICON Token Swap Mainnet (ICX) and will suspend deposits and withdrawals for ICON (ICX) starting from 2018/06/20 at 0:00 (UTC). Binance will handle all the technical problems required for all users who hold ICX.
The platform will re-open ICX deposits and withdrawals once it believes the ICX network is stable.
Binance will also open trading for the ICX / USDT trading pair on 2018/06/13 at 8:00 (UTC).
The ICON cryptocurrency is losing about 8 percentage points in today’s trading session in line with the market that is moving lower, the major cryptocurrencies are in fact suffering losses ranging between 5 and 10 percent. Ethereum (ETH) is down 10% while Ripple (XRP) loses 9 percentage points. The price of the bitcoin has fallen in the area of 6,500 dollars and is now close to an important support that if violated would make the technical approach very negative, with the possibility that the losses are extended towards the next support at 6,000. However, at the moment this is the less probable hypothesis, more probably the traders will assume positions in purchase at market prices that are low in view of a possible technical rebound.