Monero price reaches $96 as added to Bithumb

Monero price reaches all-time high $97 as being added to Bithumb
23 August 2017   4658

Monero cryptocurrency price reaches a new record rising to $96.09 right after Bithumb, the world’s most-used cryptocurrency exchange, has announced that it would soon add Monero trading pairs to the platform.

Monero price chart on coinmarketcap.com Monero price chart on coinmarketcap.com

Thus, on August 23th, the Bithumb exchange will begin accepting Monero deposits, and they will hold a special trading promotion through August 27th.

Bithumb to add XMR TokensBithumb to add XMR Tokens
image credit: cryptocoinsnews.com

 

Notably, getting listed on Bithumb is a significant milestone for Monero as well as for any coin. Just have a look at Bitcoin Cash which price exceeded $900 during the past week.

Bithumb on the list on coinhills.com Bithumb on the list on coinhills.com

Thus, Bithumb has a daily volume of more than $1.15 billion which is $500 million greater than 2nd-ranked Poloniex.

Bakkt to Release Consumer App This Year

The app can be used for a wide range of tasks, e.g., crypto and securities trading, virtual goods purchase, etc
23 January 2020   90

Institutional Investor Platform Bakkt will release an app for retail investors this year, with which users can pay with cryptocurrency.

According to the president of Bakkt Adam White at the World Economic Forum in Davos, the application can be used for a wide range of tasks. In addition to trading cryptocurrencies, it will support various virtual “goods” like points of loyalty programs.

In addition, in the future it is possible to add securities trading, as well as the creation of a portal for shops and merchants. That is, the application will be more like a traditional fintech product like PayPal than a solution from a cryptocurrency exchange.

Although the Bakkt platform was originally created for institutional investors, the new director of Mike Blandina is very serious about entering the retail market. Earlier, he said that the application for retail investors should be released in the first half of 2020.

I do not think we are there yet. What gives me optimism is that we are seeing a lot of developer interest. I am confident that someone is going to find something.

 

Adam White

President of Bakkt

 White added that the cryptocurrency market is still underdeveloped.