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Breaking News / Cryptocoins / Exchanges

Bitfinex’s New Altcoin Listings Cause Values To Fly

Today, cryptocurrency exchange Bitfinex have announced two new listings on their exchange, Verge XVG and Stellar XLM, both of which can now be traded against Bitcoin, Ethereum, US Dollars, Euros, British Pounds and Japanese Yen.

The announcement has taken Twitter by storm and has seemingly pushed XVG right up, against the rest of the markets which at the time of writing are sat in a sturdy decline, Stellar included.

At the time of writing, Bitfinex has a trading volume of $1,088,949,361, with EOS making the overall majority of that, this is no doubt down to the excellent run of EOS over the past couple of weeks.

It is clear that Bitfinex are very excited about these additions to their exchange, according to the Bitfinex blog:

On Verge-

“Bitfinex is pleased to introduce trading for Verge Currency (XVG). Deposits have been enabled, with trading set to go live at 11.30AM UTC. Verge is a decentralised blockchain platform and cryptographic token created with privacy in mind. Verge is fast, flexible, private and anonymous; In addition to this, it’s a currency built to support mass adoption as it scales across the globe. Verge makes it possible to conduct direct low-cost transactions – quickly, efficiently and privately – providing businesses and individuals with a new option for sending and receiving instantaneous payments. XVG will be tradable against BTC, ETH, USD, GBP, EURO & JPY. Margin trading and P2P funding will be enabled gradually, as and when the order books develops liquidity.”

And on Stellar-

“Bitfinex is pleased to introduce trading for Stellar Lumens (XLM). Deposits have been enabled, with trading set to go live at 11.30AM UTC. Stellar Lumens are the native asset of the Stellar network – a free, open-source network that connects diverse financial systems and allows anyone to build low-cost financial services for their respective communities. The Stellar network enables money to move directly between people, companies, and financial institutions as easily as email. This interconnectivity means improved access for individuals, lowered costs for banks/institutions, and an increase in revenue for businesses. XLM will be tradable against BTC, ETH, USD, GBP, EURO & JPY. Margin trading and P2P funding will be enabled gradually, as and when the order books develops liquidity.”

These are yet more exciting announcements for both the Verge and Stellar camps. Furthermore, these listings are pretty big for Bitfinex too, especially when you consider the new customer base Verge will be opening up, in light of their recent PornHub partnership.

Bitfinex are really leading the way for exchanges to be adding more and more alt-coins, just recently Bitfinex announced the addition of Aragon, Mithril, Dether and Storj, paving the way for more alt-coins to enter mainstream cryptocurrency trading. I’d even go as far as saying, many cryptocurrency exchanges could learn some lessons for this.

Featured Image Original Source: Pexels


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