Bittrex Launches Support for Ink Protocol (XNK), IOST
Crypto exchange Bittrex has listed XNK and IOST on its US and international platforms, respectively.
US-based cryptocurrency exchange Bitttrex has launched support for two new tokens. Ink Protocol XNK (XNK) and IOST (IOST) are now available to US-based and international users, respectively, the company announced on Tuesday.
XNK Addition to US platform
“New Listing Update: The $XNK market is open, and trading will begin shortly on https://bittrex.com/ . For more information about Ink Protocol (XNK) visit: https://paywithink.com #Bittrex #XNK,” the exchange said via its BittrexUS Twitter account.
Ink Protocol is an Ethereum (ETH) blockchain-based token which serves as a transaction currency for Listia, a live web and mobile e-commerce platform. The marketplace’s 10 million-plus users can not only buy and sell goods with XNK but also earn tokens simply by interacting with advertisers and fulfilling other tasks. Designed to support integration with other platforms in the future, Ink Protocol also includes a decentralized escrow service and a third-party dispute resolution system managed by ETH smart contracts.
At the time of writing, XNK was changing hands at $0.009739, marking a nearly 20% decline in the past 24 hours. The slump was in line with the general market downtrend, where Bitcoin (BTC) and other major cryptocurrencies saw double-digit corrections. XNK’s market cap stood at $1.9 million, positioning it at the number 592 on CoinMarketCap’s chart.
IOST Listing on Bittrex International
Bittrex, currently the 43rd largest crypto exchange by total average trading volume, announced the launch of its international trading platform last month. The company stated at the time the new venue, based in crypto-friendly Malta, will speed up the listing of tokens and reduce the approval process from months to weeks.
In its latest listing update, Bitttrex International tweeted on Tuesday:
“Bittrex International will launch IOST (IOST) and trading will begin shortly on http://international.bittrex.com/. For more information about IOST (IOST) visit: https://iost.io/ $IOST.”
According to its website, IOST is “an ultra-high TPS blockchain infrastructure to meet the security and scalability needs of a decentralized economy.” It utilizes “proof-of-believability” and supports a high number of transactions per second, with the ability to be scaled as the number of users change.
With a market cap of $52.9 million, IOST ranks as the 67th largest cryptocurrency, according to CoinMarketCap. Amid the current market downtrend, the coin has lost just over 15% to trade at $0.004411.