Cosmos-Based Altcoin Surges by More Than 20% After Binance Innovation Zone Listing

Binance is sending a Cosmos (ATOM)-based altcoin surging after the exchange listed the asset in its “Innovation Zone” on Thursday. Binance rolled out trading services for Osmosis (OSMO), an automated market maker (AMM) protocol built on the Cosmos software development kit (SDK) that aims to enable cross-chain transactions by utilizing inter-blockchain communication (IBC).