Netcoins Holdings is listing the CLOAK coin for purchase this fall. To clarify, this will be carried out through Netcoins Holdings’s OTC Private Brokerage Services business.
According to Netcoins CEO Mark Binns:
“We are excited to help CloakCoin add more trading pairs and subsequently make it easier and more convenient for the mass consumer to purchase CloakCoin. Our distribution network is ideally suited to CLOAK, and we look forward to being a part of their ongoing success.”
With this in mind, this altcoin becomes the 9th altcoin that Netcoins will be listing. Before now, Netcoins has listed other altcoins like QUINT, PARETO, PPY, and KMD. To start with, CLOAK focuses on facilitating safe, private transfers, which can’t be traced.
CLOAK brings even more than we know of blockchain. Its technology disables 3rd parties from monitoring transactions in the network. Accordingly, this enables precise dealings between wallets and CloakCoin.
Using the CLOAK-ENIGMA system, just about anyone can enjoy decentralized transactions with no traceability. Users will be able trade CLOAK on exchanges like Binance and Bittrex.
This cryptocurrency came into the scene five years ago with a central base in Germany. Notably, it has been challenging for many in the industry to buy altcoins which strictly trade against Bitcoin (BTC). Reaching this handicapped audience was the inspiration behind the joining of CLOAK and Netcoins. Together, both parties should help increase trade volume.
CLOAK ranks among the first cryptocurrency to bring more discretion to the industry. To emphasize, by fostering an environment of privacy, this altcoin has made trading more anonymous. Be that as it may, Netcoins will get $37,500 USD as an annual listing fee.
Netcoins CEO Mark Binns clarifies, “We are excited to help CloakCoin add more trading pairs and subsequently make it easier and more convenient for the mass consumer to purchase CloakCoin. Our distribution network is ideally suited to CLOAK, and we look forward to being a part of their ongoing success.”
In view of this, Netcoins is consolidating its repute as a leading cryptocurrency service provider. Previously, Netcoins recorded a historic milestone of achieving $2M USD in transactions in just a day. This is a great achievement on the part of Netcoins as it continues to bring on cryptocurrency miners, institutional investors, as well as cryptocurrency funds. Back in July, Netcoins marveled the world by recording its first one million transactions in a single day.
This article should not be taken as, and is not intended to provide, investment advice. Users are ultimately responsible for the investment decisions he/she/it makes based on this information. It is your responsibility to review, analyze and verify any content/information before relying on them. Trading is a highly risky activity. Do consult your financial adviser before making any decision. Please conduct your thorough research before investing in any cryptocurrency and read our full disclaimer.
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