Monero price reaches $96 as added to Bithumb

Monero price reaches all-time high $97 as being added to Bithumb
23 August 2017   4680

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.

OKEx Ex-CEO to Intend to Raise $40M

Funds are needed for the new exchange called ACDX, which will offer  futures, options, revocable bear/bullish contracts and more
06 February 2020   559

Andy Cheung, who until recently was the operating director of the OKEx cryptocurrency exchange, will open a new derivative trading platform ACDX by the end of the first quarter, CoinDesk reports. The exchange will offer its clients futures, options, revocable bear / bullish contracts, debt contracts and fixed coupon notes.

One of our main goals for the exchange is to provide retail investors with ... structured products that are more commonly used by accredited crypto investors and wealth managers.

 

Andy Cheung

Former chief operating officer at OKEx

In the future, ACDX plans to reach a global level, but first of all it will gather a client base in Asia, using the connections of Cheung and partners in Hong Kong and China. In preparation for the launch, she intends to raise $ 40 million through the sale of tokens and shares in her business to crypto funds, private investment firms and family capital management companies in Europe and Asia. 

We have over $4 million so far and most of the money comes from our own funds. We are in talks with potential investors and likely to announce new investments in the next two months.

 

Andy Cheung

Former chief operating officer at OKEx

To date, ACDX has hired more than 25 employees, including eight developers who are preparing the trading platform for launch.