Indian cryptocurrency exchange Bitbns added support for Verge [XVG] deposits earlier today. This marks the first time an Indian crypto exchange added support for this currency.
The exchange also introduced 2 contests for the “Trader of the day” and the “Depositor of the day”. The winner of the contest for the trader of the day will be the person who made the highest trade of the day, and the prize will be INR 5000 worth of XVG currency, which is roughly 970 XVG.
The trade made must be a minimum of INR50000 in XVG, which is roughly 9700 XVG. Similarly, the depositor of the day position will be awarded to the person who made the biggest deposit of the day.
The prize will be the same sum of XVG, with the depositor making a deposit of at least INR 100,000, which is roughly 19400 XVG, and sell 40% of it within the first day.
Bitbns is a cryptocurrency exchange platform established in December 2017. It has features such as automated buying and selling, margin trading, stop-limit orders, and support for UPI. It features more than 30 coins for trading, even offering supporting tokens like Nucleus Vision, Dogecoin, Ontology and Red Pulse.
Twitter users were overjoyed with the development, with user Erwin Soltes saying:
User Temp said:
“I am making account and will participated thanks”
Verge was recently in the news for its partnership with adult entertainment company Mindgeek, which owns popular sites Pornhub and adult entertainment company Brazzers. Verge also partnered with TrafficJunky, which is one of the world’s biggest advertising platforms.
Its privacy-focused approach towards cryptocurrency makes it suitable for use in sensitive transactions. It uses Tor and I2P network to achieve anonymity.
Verge [XVG] continues to grow steadily after its nosedive in the middle of April, where it dropped from $0.11 on April 17th to 0.7 on April 18th. It is currently holding steady around the $0.08 mark with a 12.52%growth from last week where it was trading at $0.07 on April 28th.
It hit a high point of $0.83 before oscillating around the $0.08 mark. It is currently at the #26 position by an overall market cap with a cap of $1.23 billion and was seen yesterday moving between #24 and #26 spots.
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