Bittrex Set To List Cardano And Zcash Fiat Pairs In September
Bittrex, a U.S based cryptocurrency exchange that boasts a top 50 position in trade volumes, has announced that it plans to list Cardano and Zcash.
It announced that this will come to effect on September 5. The announcement was made through the company’s Twitter account before being confirmed through email.
The listing of Cardano and Zcash will enable the exchange’s users to trade crypto and fiat for Cardano and Zcash. This update could prove important for the two coins and especially Cardano which is struggling to break past $0.1089.
At the time of press, Cardano is trading at $0.100023 with a market cap of $2,593,300,921 while Zcash is trading at $148.21 with a market cap of $695,773,177.
Both are in the green zone with slight gains over the past 24 hours.
Cardano Project
Cardano’s blockchain promises to solve the problem of scalability, sustainability, and interoperability. All three problems are challenging cryptocurrencies and inhibiting them from becoming mainstream assets. Charles Hoskinson, the founder of Cardano, is also the co-founder of Ethereum.
Zcash Project
Zcash has also been making headlines with its emphasis on privacy. At the end of June, the company announced a successful hard fork—the first since the company launched in 2016. The network upgrade was aimed at upgrading the Zcash protocol and supporting tools, like the reference wallet. This would make it possible to support broad-based privacy adoption as explained in a blog post published by the company.
The listing of the two coins shows that the exchange has confidence in them and gives the coins credibility. The two coins still have a long way to go to get to the levels of Bitcoin and Ethereum but, they do offer their own unique aspects away from other altcoins. This is bound to get more volume and notice.
