Featured, International

Crypto News: Circle’s Poloniex Exchange Adds Support For QTUM

As per the latest crypto news update, the Goldman-backed FinTech start-up, Circle announced its support for QTUM on its Poloniex exchange. Circle in its recent blog post pertaining to the same mentioned that it is committed to making Poloniex, the premier destination for crypto asset trading.

Circle further in its blog post that they won’t ever charge for listing. Instead, it stressed the strong relationships it has with its project developers and the merit of individual projects. Circle mentioned that its framework reviews projects across five broad categories that include technology, people, fundamentals, market dynamics, and business model.

As per the recent crypto news update, one of the types of project that Circle aims to identify with the above-mentioned methodology are blockchain platforms that support new decentralized application ecosystems. Keeping this aspect in mind, Circle said that it is happy to welcome Qtum blockchain to the Poloniex family. The Circle blog post mentioned that trading in QTUM/BTC, QTUM/ETH, and QTUM/USDT pairs will be enabled on September 7, 2018, at 16:00 UTC.

The Qtum blockchain is a public smart contract platform that combines aspects of both Ethereum and Bitcoin. Due to Bitcoin’s proven track record of security and stability, the Qtum team chose Bitcoin and its UTXO recordkeeping model as the base of the protocol. QTUM is the native token of the Qtum blockchain which acts as a reward for securing the network through staking and acts as gas for Qtum smart contracts, as mentioned in the Circle blog post.

The latest crypto news update pertaining to QTUM as cited by CryptoCompare is that the token is trading at around $3.85 at the time of writing this report. On July 21, 2018, Abra wrote in its “Ultimate Guide to Altcoins” document that led by Patrick Dai, Qtum features a strong team. Patrick Dai has been recently acknowledged as one of China’s “30 under 30” to watch out for. The team comprises of other members who come from well known Chinese tech companies such as Baidu, Tencent, and Alibaba, as stated in the CryptoGlobe report.

[The views and opinions expressed in this article are those of the authors and do not necessarily reflect the views and/or the official policy of the website. ]

Jesmine Rahman holds 15+ years of professional writing experience of working with reputed Indian dailies like the Times of India and the Indian Express. She also holds a rich experience of working as a Senior Technical Content Specialist with a reputed IT company. for 10 years. She writes crypto news on OWLT Market.

Leave a Comment

Your email address will not be published. Required fields are marked *