OKCoin Adds Support For More Virtual Assets

One of the leading virtual asset exchange companies, OKCoin, today declared that it has added support for five more virtual assets on its exchange for users who reside in the United States. The five virtual assets include Ox (ZRX), Stellar (XLM), Zcash (ZEC), Ripple (XRP), and Cardano (ADA).

Traders and investors based in the United States who reside in applicable states will now be in a position of buying and selling the above virtual assets safely OKCoin exchange, which is licensed.

The cryptos will be paired against Ethereum, Bitcoin as well as the fiat, US dollar. As a result of the addition, OKCoin will now have an expanded list, which includes the rest on the list that comprises of Litecoin, Ethereum, Bitcoin, Ethereum Classic as well as Bitcoin Cash.

Fiat-to-Token Pairs

It is interesting to note that the new exchangeable cryptos will be paired against the US dollar. However, only traders based in California will be permitted to trade on them for now.

Token-to-Token Pairs

Additionally, the five tokens added will be paired against Bitcoin and Ethereum and people will be able to trade for token-to-token in twenty one states within the United States. According to Tim Byun, the CEO of OKCoin USA, the firm is thrilled at welcoming the new five virtual assets as well as all the communities that trade them.

OKCoin is committed to spreading out the trading pairs for its clients, even as it establishes a wider range of fiscal products on the internationally regulated exchange. The firm is also looking forward to bringing virtual assets to the exchange which are instrumental when it comes to value, utility, and traceable use cases. Thus, the announcement made today denotes a major step forward in the whole bionetwork.

The additions

Ripple (XRP)

This is a self-governing decentralized virtual asset that has the ability to settle payments in less than five seconds. Ripple can also handle approximately 50,000 transactions within a second. This therefore makes it the best virtual asset to make international payments.

Cardano (ADA)

Cardano is largely a decentralized public blockchain and virtual asset project which is also an open source. The firm is currently building a smart contract platform whose aim is to deliver more cutting-edge structures than any other protocol which has been established before. It is also exceptional since it has been able to advance out of a systematic viewpoint.

Lumens (XLM)

These are the native virtual assets of Stellar, an open bionetwork that permits any virtual asset to be issued virtually, transmitted and swapped online. It also has an integral order book, and can also move effortlessly between community members.

Zcash (ZEC)

Zcash is a virtual asset that protects the privacy of users. It is also established on strong science. One can also transact securely and proficiently with low charges.

Ox (ZRX)

This is an open-source protocol which was designed in such a way that people can exchange on any ERC20 virtual asset on the Ethereum blockchain in a quick and cheaper way. It also permits the exchange of an increasing number of virtual assets based on the Ethereum protocol.

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