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Indian exchange Zebpay adds EOS to its trading platform

Ketaki Dixit

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Indian exchange Zebpay adds EOS to its trading platform
Source: Pixabay

Zebpay, an Indian cryptocurrency exchange platform has added another cryptocurrency to its platform, EOS, an ERC20 based token for the users. Zebpay is India’s leading Bitcoin and Cryptocurrency exchange with over 3 million users. On Zebpay, the user can send, receive, and trade EOS. However, the trading starts on 17th April 2018 from 1:00 pm IST onwards. The intraday trading fee is 0.1% for all cryptocurrencies.

The Indian exchange already has other cryptocurrencies such as Litecoin, Ripple, Ethereum, Bitcoin and Bitcoin Cash. In January 2018, Zebpay updated its app for both iOS and Android and also announced the inclusion of Bitcoin Cash.

According to the official website, ‘ERC20 is a technical standard used for smart contracts on the Ethereum blockchain for implementing tokens. ERC stands for Ethereum Request for Comments, and 20 is the number that was assigned to this request.’ For a transaction to be successful, ERC20 needs a total of 100 block confirmations.

Although there was a huge dip in the prices of EOS from the last week of February 2018 to the end of March 2018, it is currently trading at $4.34, with a market cap of $3.19 billion. The prices gradually increased in April. On the April 12th, 2018, the price was $6.61 with the market capital at $8.4 billion.

Rajat Sharma, a Twitter user says:

“Great to know that EOS is added. It might take time, but this is the next step towards change. Hope more and more people use it now that the Zebpay app has almost all the major cryptocurrencies.”

Jitendra Malik, another Twitter user said:

“The low trading fee is a good deal but if you think about it, why is it so low compared to the other platforms? It could be to promote their product. But what if it is to make people buy more and then increase the EOS price. The price of EOS may even go up by tomorrow. “





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Ketaki Dixit is a Journalism major from Jain University. She has about 1-year experience in the field and is passionate about blockchain technology and the cryptocurrency world.

Altcoins

Binance coin pumps by over 6% in an hour; breaks its all-time high

Namrata Shukla

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Source: Pixabay

On June 20, Binance coin [BNB], a coin ranked seventh on CoinMarketCap, surged by a massive 6.38% over the past hour. The coin also broke its all-time high and was trading at $36.47, at press time.

Source: Trading view

Source: Trading view

At press time, BNB was being traded at $36.47 with a market cap of $5.097 billion. The 24-hour trading volume of the coin was reported to be $571.64 million, as it spiked by 2.35% over the day. Over the past seven days, the coin noted a rise of 2.03% in its price and continued to rise by 6.38% within the hour.

This hike follows Singapore-based cryptocurrency exchange, KuCoin, listing Binance coin [BNB] and Binance announcing the launch of Elrond project on Binance launchpad. Binance funded the sharding-based public blockchain network in a private funding round, as the company closed the round with $1.9 million. It will be the next project supported by Binance launchpad and the token sale will be carried out in a lottery fashion. The token sale is scheduled to begin from June 22, 00:00 AM [UTC].

The coin was highly traded on Binance exchange with BNB/USDT pair and BNB/BTC pair. BNB/USDT took the first place as it noted a 24-hour trading volume of $137 million, followed by BNB/BTC which reported a volume of $126 million. The third position was taken by LBank exchange, which registered a trading volume of $120 million with BNB/USDT pair.





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