Bittrex Exchange Adds Mimblewimble’s Grincoin (GRIN) as Community Backing Continues to Increase
As many of our readers probably already know, the altcoin market has recently been surging— with most of the top-10 digital assets by total market cap currently seeing green.
With this information in mind, it is worth noting that earlier yesterday, a spokesperson for Bittrex— one of the world’s largest cryptocurrency exchange providers— released a statement saying that the trading platform is now allowing users to buy/sell ‘GRIN’ tokens.
While ‘withdrawals’ are yet to go live for the aforementioned currency, the statement goes on to say that this feature will be enabled within the coming few days.
More on the Matter
Grin has been in the news recently because the privacy-oriented coin has lost around 97% of its value a fortnight ago. In regards to the matter, Eric Meltzer of Primitive Ventures was recently quoted as saying:
“There is (by our conservative estimates) 100 million dollars of mostly VC money invested into special-purpose investment vehicles to mine Grin. This does a lot of weird things: it turns a bunch of people who would have been buyers of grin into sellers of it, it changes the composition of the early holder roster, and it means the chain will launch with an extremely high degree of security via high PoW hashrate.”
Talking about the novel digital asset at a recent tech-conference, Lee was quoted as saying that GRIN was unique in the sense that it is able to provide customers with a “high degree of scalability and privacy without compromising on anything”.
While the global community at large has been rallying in support of the Grin project over the past few weeks, it now remains to be seen what the future has in store for this privacy-oriented cryptocurrency.