OKCoin, one of China’s major digital asset exchanges, announced it is expanding its portfolio with the cryptocurrency Ethereum (ETH).
According to the post in the company blog, the reason is the growing interest of its clients towards the Ethereum (ETH) and Ethereum Classic (ETC) and the rising demand. OKCoin says it has been constantly reviewing the viability of the two cryptocurrencies, based on factors including technical maturity, innovation, market liquidity, and compliance.
“Today, we are formally launching ETH on the OKCoin exchange. 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”, OKCoin said.
OKCoin will officially enable Ethereum (ETH) deposit and withdrawal services on 22:00, May 31. and ETH trading services will be officially available on 12:00, June 1.
The popular cryptocurrency decentralized platform Ethereum was launched in the end of July 2015. Currently ETH is the second-largest cryptocurrency by market capitalization, after Bitcoin and at the time of writing this article trades at $228.59.