Chinese cryptocurrency exchange FCoin gained attention of the crypto-verse soon after it started trading in May. The reason being shockingly high transaction volumes.
However, exchange was not even been listed on the CoinMarketCap, despite having one of the highest transaction volume in the world. The exchange in a recent tweet revealed that it has opened IOTA (MIOTA) deposit.
See also: FCoin to buy back native tokens worth $24 million for new fund In the tweet they mentioned, “IOTA (MIOTA) will be listed at 16:00 on July 28, 2018(UTC+8) and open the IOTA/USDT trading pair in the Main Board A of FCoin.” The China-based exchange is set up by the former chief technology officer (CTO) of Huobi, Zhang Jian. It attracted a lot of criticism over its revenue model.
The trans-fee mining model, which the platform has adopted, involves exchanges issuing their own native tokens as a reward for trading. Last week, FCoin broke the news that it would list IOTA [MIOTA] and EOS trading pairs soon.
Considering the high transaction volumes of the exchange, this could be a positive. Currently, MIOTA is trading at $1.02, with a market cap of $2.83, and rose by 2.51% in last 24-hour. Read more from bcfocus.com…
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