It is being highly noticed that the demand for altcoins is increasing in today’s crypto market. Most of the exchange platforms are concentrating on expanding their record of coins and are looking for many other viable coins. As the current market values are booming, cryptocurrencies are capturing the attention of many trading companies across the world.
ADS Securities, a global brokerage headquartered in Abu Dhabi has confirmed that they have added Ripple, Litecoin and Bitcoin Cash to their existing cryptocurrency trading platform. ADS is one of the leading Forex and bullion trading platforms in the Middle East. They take the pride of delivering high quality and well-funded FX trading platform to its traders.
A Twitterati says:
“ADS Securities, one of the heavyweight FX and CFD brokers in Europe and the Middle East, today announced in a corporate statement that it added #Ripple #XRP to its proprietary OREX platform.”
The firm introduced Bitcoin to their CFD trading platform during September 2017.
According to the Global Head of ADS, they were the first organization to introduce cryptocurrency trading in the Middle East and North Africa Region [MENA]. The team strongly believed that introduction of cryptocurrency trading would increase the flexibility and provides good investment opportunities to its traders.
Soon the traders accepted Bitcoin trading as a safe and alternative trading option. The positive results of introducing Bitcoin trading led the team soft-launch some of the other cryptocurrencies to its existing users in the month of March. They noticed that it has been more productive and also received positive feedback from its customers and made these currencies permanent on their list.
Jason Hughes, the Global Head of ADS says:
“Cryptocurrencies have been making waves for some time, however now that understanding of the market is growing, we believe it is the right time to introduce more coins on to our OREX Platform”
All the three currencies are available for trading from today along with Bitcoin and Ethereum.
Currently, Ripple, Bitcoin Cash, and Litecoin are trading at the top 5 positions just below Bitcoin and Ethereum based on their market cap ranging from $6.72 billion to $19.74 billion.
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WAVES/BTC sees dramatic drop to reach 1 Satoshi on Binance exchange due to a massive sell order
Waves, the 29th largest cryptocurrency, hit lows against BTC on April 17, and users speculated that this could have been due to a massive sell order.
Waves, at press time, was trading a $2.71 with a market cap of $270 million and had a trading volume of $15 million. However, on April 17, the price of Waves hit rock bottom due to a massive sell-off similar to one that Ethereum witnessed a few years back.
As seen in the above chart, the price of Waves against BTC hit exactly 0.0000001 BTC, which amounts to 1 Satoshi. The volume for the said candle is also massive, further confirming a sell order of massive amounts. The coin has since increased by approximately 3% against Bitcoin in under 24 hours.
Crypto enthusiasts on Twitter couldn’t hold back their opinions as one user, @BitBitCrypto tweeted
“- $WAVES did not trade at 1sat, it traded at 10sat
– It is still a great project and with a huge potential
– This sell order has nothing to do with WAVES (the project)
– This trade wasn’t done on Binance web cause you can’t place this low, it was API
– I didn’t buy it at 10 sat”
Another user @BITCVIX tweeted:
1min WAVES/BTC flash crash on Binance (from 5200 sats to 1 sat) pic.twitter.com/C9WAGyjwp9
— BTCVIX (@BTCVIX) April 17, 2019
TradingView commented on this matter saying:
“Something strange is always happening in the #crypto market”
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