Cryptocurrency exchange OKCoin said on Monday it will diversify its asset exchange with the addition of EOS, the digital currency that intends to support more efficient operations for decentralized applications than existing platforms such as Ethereum.
The exchange has already started accepting inbound transfers and withdrawals for the new cryptocurrency, while the spot trading on the EOS/USD pair to begin later today at 8:30 PM PST.
OKCoin made the announcement via Medium blog post. It also announced that users can deposit EOS between now and April 27 to receive a prize pool up to 100,000 EOS.
EOS is one the most popular platforms for decentralized applications. Recently, many companies have started to use it.
EOS prices double in 2 months
EOS platform is still very much in its infancy, but it has been adopted by many dApp developers and proven to be a formidable opponent to Vitalik Buterin’s network.
The latest member of the cryptocurrency family has soared more than 100 percent over the past two months, according to CoinMarketCap, as investors bet on more user adoption.
OKCoin accepts US Dollar deposits and withdrawals. It also allows trading against Bitcoin (BTC), Bitcoin Cash(BCH), Litecoin [LTC], Ethereum (ETH), and Ethereum Classic (ETC). More trading pairs will be added in the future.
OKCoin was one of the three major crypto exchanges in China before authorities’ crackdown on the virtual asset industry, including a ban on ICOs in September 2017. The exchange and its peers fled the hostile business environment and have since moved their operations to overseas.
OKCoin International handled $2.4 million in cryptocurrency trading in the last 24 hours, according to CoinMarketCap. OKEx, a crypto-to-crypto exchange, is currently trading at $873 billion in a 24-hour period.