On 19th September, OKCoin announced that it has listed five new cryptocurrencies on its exchange. It now supports XRP, Cardano [ADA], Stellar [XLM], Zcash [ZEC] and 0x [ZRX]. The Virtual Currencies [VCs] will be paired with USD, Bitcoin [BTC], and Ethereum [ETH].
The exchange further stated that the USA traders and investors will be able to buy and sell the above pairs “securely through OKCoin’s licensed exchange”. However, the Fiat-Token pairing will only be available to the Californian residents.
Tim Bynn, the CEO of OKCoin, USA, spoke about the onboarding of the new virtual currencies. He said:
“We are very pleased to welcome these five new cryptocurrencies and all of the communities that trade them. As we build out the broadest set of financial products on a globally regulated exchange, we are committed to expanding the trading pairs for our customers, while bringing tokens to the exchange that offer utility, value and demonstrable use cases. Today’s announcement signifies a giant step forward for the entire ecosystem.”
Over the past week, the altcoins XRP and ADA have beaten the slow market witnessing a double-digit digit surge.
At press time XRP is trading at a value of $0.32 with a market cap of $12 billion. ADA is trading at $0.072 with a market cap of $1.8 billion.
Earlier, this month OKCoin announced its expansion into 20 more U.S. states. They also revealed that the company has been working closely with the regulators and following researched regulations in every state it has expanded to, to ensure that they comply with Federal and State Convertible VC rules.
In addition, the company is currently in the process of applying for a new license named Money Transmittal Licenses [MTL] in the remaining states of U.S. The licensing will allow crypto-to-crypto and fiat-crypto trading.
Furthermore, they stated that the trading service in the additional states will be opened once the license is issued or when the company receives a clarity that trading is permissible.
Subscribe to AMBCrypto’s Newsletter
Is China’s Alibaba Group going to aquire Alibabacoin [ABBC]?
Ethereum [ETH] in the spotlight again; developers and the community talk updates
Litecoin [LTC/USD] Technical Analysis: The green zone turns red as the bear feasts on the wounded market
Cardano [ADA]’s Charles Hoskinson on EOS raising more capital than Cardano
Bitcoin Cash [BCH] is more viable than Bitcoin [BTC] says Co-Founder of Cyber Capital
Ripple partner Santander to adopt SWIFT GPI: What does it mean for XRP-powered xRapid?
Ripple partner Santander goes live with SWIFT’s Global Payments Innovation
Bitcoin [BTC] is not going to disappear, but Ethereum [ETH], XRP and others are “going bust”, says Roubini
Bitfinex pauses USD deposits after Bitcoin [BTC] drops: $2.3 billion at stake as insolvency rumors threaten USDT legitimacy
Tron [TRX/USD] Technical Analysis: The bulls have charged attack on the bear
XRP can now be used as collateral for $2 million instant loans
Tron [TRX] Foundation and Justin Sun announce a new partnership event
XRP, Ethereum [ETH] create ripples in cryptocurrency space; market wakes up to developments
Is Tron [TRX] planning to build its decentralized TronTube after the YouTube outage incident?