OKCoin Adds Five New Cryptocurrencies

One of the world’s leading cryptocurrency exchanges, OKCoin, has announced the listing of five popular cryptocurrencies. Indeed, the virtual currencies include Stellar (XLM), Cardano (ADA), ZCash (ZEC), XRP, and 0x (ZRX). With this latest addition, U.S. traders and crypto-asset investors can now buy them from the exchange easily and securely. The exchange says that they would pair the five new digital currencies against the existing ones, such as Bitcoin (BTC) and Ethereum (ETH). Therefore, let’s review the listings that will feature on the exchange in the coming days.

Fiat-to-token Pairs

Again, OKCoin will pair the five new tokens against the US dollar. Initially, this will be available for trading for California residents. So, these latest cryptocurrencies add to OKCoin’s growing list of liquid digital currencies paired against the USD. The exchange currently has BTC, BTC, ETC, ETH, and LTC trading against the USD.

Token-to-Token Pairs

Additionally, the exchange will pair the five convertible cryptocurrencies against the Bitcoin and Ethereum. From the start, they would be available for trading in 21 American states. OKCoin USA CEO, Tim Byun, said that they are glad to list the five new digital currencies. The CEO noted that they are committed to broadening their cryptocurrencies listings for the interest of their customers. Byun pointed out the criteria for listing cryptocurrencies to include utility, use case demonstrations, and value. In conclusion, he posited that the move is a step forward for the entire industry.

XRP

A review of XRP shows that it is a decentralized digital asset that has some exciting features. In particular, XRP can settle payments in less than four minutes while scaling up to 50,000 transactions per second. With these features, there is no doubt that XRP is the best digital currency for cross-border payment solutions.

Cardano (ADA)

This is a public blockchain and cryptocurrency project. Just like every other public blockchain, Cardano is decentralized and open-source. The team behind Cardano is planning to develop smart contracts that will enhance its features. Furthermore, Cardano is the first public blockchain that will evolve from a scientific philosophy. Not to mention that it is research-first driven. The innovative team has a large collection of high-performing researchers and engineers.

Stellar Lumens (XRP)

Lumen is the native token of Stellar. It is an open-source network that allows developers to issue, transfer and exchange their cryptocurrencies and assets on it.

ZCash (ZEC)

ZCash is a digital currency with privacy-protecting feature that is built on science. It transacts safely and efficiently at low fees, ensuring that all transactions remain private.

0x (ZRX)

ox is a protocol that enables the exchange of ERC-20 protocol compliant tokens in a cost-effective and fast way. The protocol enables a growing number of Ethereum’s digital assets, such as cryptocurrencies, games, and others.

RISK DISCLOSURE

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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