Leading blockchain asset exchange platform OKCoin has formally launched Ethereum trading (ETH) on its exchange.
With Ethereum being second among the blockchain assets in terms of market cap, there has been an increased awareness and demand among users and investors. Various digital currency exchanges have been recently adding support of Ethereum (ETH) and Ethereum Classic (ETC) trading in their exchange platforms. Earlier this month, Singaporean exchange Coinut added the support of ETC to its trading, following which Chinese cryptocurrency exchange Huobi launched ETH trading that would start its operations from today.
“Ethereum has a current circulation of 90 million, with ETH reaching a market cap in excess of USD 10 billion, and a total hashrate of more than 25K GB. Hundreds of applications are now built on Ethereum and a growing number of applications are using smart contracts run on the Ethereum blockchain,” the announcement stated.
OKCoin stated that it will implore BTC Core developers and relevant miners to work together and resolve any outstanding technical issues, activate SegWit, as well as solve BTC’s scaling issues. The exchange will officially enable ETH deposit and withdrawal services today and ETH trading services will be officially available from June 1.
“We pride ourselves on excellent product and quality customer service. We at OKCoin look forward to continuing to provide you with the best trading products and services,” it added.
The launch follows after OKCoin received frequent requests to launch a variety of digital assets on its exchange. The company has been constantly reviewing the viability of listing ETH and ETC based on factors including technical maturity, innovation, market liquidity, and compliance, for past two years.
