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QTUM added to Circle’s exchange platform Poloniex, good things in store for Qtum?

Shahrain KM



QTUM added to Circle's exchange platform Poloniex, good things in store for Qtum?
Source: Pixabay

On 6th September, Circle, a peer to peer payments technology organization announced the inclusion of Qtum to its exchange platform, Poloniex. The platform further stated that deposits and withdrawals for Qtum have gone live.

Qtum on their official Twitter stated:

“We are welcoming Qtum [QTUM] to the Poloniex family!”

According to the announcement, QTUM/USDT, QTUM/BTC, and QTUM/ETH trading airs will be enabled on 7th September 2018 at 16:00 UTC.

QTUM is currently the 27th largest cryptocurrency by market capitalization according to CoinMarketCap. At the time of writing, QTUM is trading at $3.96 with a market capitalization of more than $35 million. The digital asset saw a hike of 4.57% in the past 24 hours.

Circle is a Goldman Sachs-backed fintech startup headquartered in Boston, Massachusetts. The platform was known for operating a Bitcoin Wallet service to buy and sell BTC until the end of December. However, the team further focused on improving global social payments and blockchain-based technologies. Circle has also launched a Bitcoin blockchain-based remittance and messaging application to serve customers without bank accounts.

Poloniex is a US-based digital asset exchange headquartered in Wilmington, Delaware. The platform keeps most of its deposits in air-gapped cold storage so as to secure the funds of users. Only a fraction of deposits is available online to ensure if active trading takes place.

Circle in their official statement said that their focus is on making Poloniex the primary destination for cryptocurrency asset trading ever since the platform acquired Poloniex. In their list of projects to be reviewed, the organization aims to concentrate on platforms that are blockchain-based essentially supporting new decentralized application [dApps] systems.

A Redditor named Professornash commented:

“No one gives a f**k about Poloneix anymore.”

A Twitter user named PeterSealy1 said:

“This is great news but what about adding coins to the margin? It’s such a joke that you still have Clam on your margin but not BCH, EOS, ETC and so on.”


Another Twitter user named Voss_kilian stated:

 “Poloniex adding a coin, last time this mist have happened 2014 or so.”

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Shahrain KM is a writer at AMB Crypto. Her curiosity in Blockchain technology and Cryptocurrencies has led her to be a part of the news reporting team of AMB Crypto. She does not hold value in any cryptocurrencies currently.