OKCoin Lists EOS Token Amid Progress Spurt for Ethereum Rival

Cryptocurrency alternate OKCoin stated on Monday it can diversify its asset alternate with the addition of EOS, the digital foreign money that intends to help extra environment friendly operations for decentralized functions than present platforms reminiscent of Ethereum.

The alternate has already began accepting inbound transfers and withdrawals for the brand new cryptocurrency, whereas the spot buying and selling on the EOS/USD pair to start later at present at 8:30 PM PST.

OKCoin introduced the transfer through a weblog put up on its official Medium channel. The announcement states that it’s additionally opening a prize pool of as much as 100,000 EOS for customers who deposit EOS from now to April 27.

EOS is likely one of the largest platforms for constructing decentralized functions, which not too long ago attracted many firms that had been constructed on Ethereum’s protocol.

EOS value doubles in two months

Though EOS platform remains to be in its infancy stage however has seen appreciable adoption by dApp builders and proved to be a worthy opponent to Vitalik Buterin’s community.

The most recent member of the cryptocurrency household has soared greater than 100 % over the previous two months, in accordance with CoinMarketCap, as buyers guess on extra consumer adoption.

OKCoin is already accepting US greenback deposits and withdrawals, in addition to buying and selling in opposition to Bitcoin (BTC), Bitcoin Money (BCH), Litecoin (LTC), Ethereum (ETH) and Ethereum Traditional (ETC), with extra buying and selling pairs set to be supported sooner or later.

OKCoin was one of many three main crypto exchanges in China earlier than authorities’ crackdown on the digital asset trade, together with a ban on ICOs in September 2017. Fleeing the hostile enterprise setting, the alternate together with its friends have since shifted their operations abroad.

OKCoin Worldwide dealt with $2.four million in cryptocurrency buying and selling within the final 24 hours, in accordance with CoinMarketCap. Its crypto-to-crypto entity, OKEx, is ranked the world’s second largest cryptocurrency alternate by adjusted buying and selling quantity, presently buying and selling round $873 billion over a 24 hour interval.

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