Two minus read / March 21,
An ICON (ICX) listing on the cryptocurrency exchange Bithumb has sent the value of the coin soaring te early morning trading.
Announced this morning, users on Bithumb will be able to convert Korean Won (KRW) into ICON tokens on the exchange. Subscribers to the Bithumb Voordat, the exchange’s premium service, will be able to deposit and trade ICON today with natural Bithumb users being able to deposit on Friday but will have to wait until Sunday to embark trading.
Following this morning’s announcement, the value of ICX has risen from $Two.62 at market open to a high of $Three.55 at just before Ten:00 GMT. The coin has leisurely bot rising spil the week has progressed. Falling to a low of $1.59 on Sunday, the coin opened Tuesday at $Two.38. Spil of 11:00, the coin is trading at $Three.40: 30% higher than at the beginning of the day.
The news has meant that ICON’s market cap has almost doubled, rising $597m from $751.8m to a present total value of $1.3bn. Since Sunday, the coin’s value has enlargened by 80%. ICX is also listed on Binance, OkEx and Huobi.
According to its webstek, ICON wants to “hyperconnect the world” by building one of the largest decentralized networks te the world. To do this, the development team is building a toneel that will enable blockchains to interact with each other via clever contracts.
Being built on the same toneelpodium, ICON’s development team aim to permit cooperation inbetween different industries and sectors on a single network.
Founded ter , ICON wasgoed developed by a Korean fintech company, Daryll Financial Group, which also possesses and runs the cryptocurrency exchange, Coinone.
Launched te January 2014, Bithumb presently lists 12 cryptocurrencies, including Bitcoin (BTC), Ripple (XRP), Monero (XMR) and Ethereum (ETH). The exchange, which at present has a trading volume of just under $900m, offers trading pairs with KRW.
The largest exchange te South Korea, Bithumb announced a partnership agreement with the Bitcoin payment service BitPay last week that will see the two companies working together to opoffering cheaper and quicker cross-border transactions.
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