On 31st August, Poloniex Exchange, a US-based cryptocurrency exchange platform ranked as the 25th largest digital currency announced the listing of USDT trading pairs on their official Twitter handle. The new list of USDT pairs are already listed assets on the exchange, including 0x [ZRX], Lisk [LSK], Golem [GNT], Dogecoin [DOGE] and Siacoin [SC].

Circle, a peer to peer payments technology which owns Poloniex on their Medium blog stated:

“While we continue to focus on improving the performance of Poloniex and bringing a curated set of assets to the exchange, we also attempt to implement the top requests of our customers and project developers where possible.”

Tether [USDT] is currently the 8th largest cryptocurrency by market capitalization according to CoinMarketCap. At the time of writing, USDT is trading at $0.99 with a market capitalization of more than $2.7 billion.

On 27th August, USDT’s market capitalization was more than $2.8 billion, which is the highest the digital currency has seen ever since its conception. This rise in market capitalization took place just a few days prior to Poloniex’s trading pairs announcement.

Tether [USDT]'s overall price chart since its conception| Source: CoinMarketCap

USDT overall price chart since its conception | Source: CoinMarketCap

Cryptolomeus, a Twitterati remarked:

“Poloniex pulls attention away from Bitcoin as the main exchange currency and points its attention onto USD(T) which of course is the main world currency, isn’t it?”

Send_bitcoins, a Twitter user added:

 “Now add them to margin trading so I can short them. Seriously you have so many coins but only a handful on margin trading, what gives?”

Another Twitter user named Kipisik said:

“Who wants to buy these shit coins?”

Twitterati named HighFiveSurf commented:

“Well it’s about goddam time, now I can only dream and hope for one last thing… a lending market for Lisk on Poloneix.”

A Redditor named Xxchoicexx stated:

“I wonder why polo first. Could be because that is the exchange HQ and Max use to sell Lisk. Food for thought, looking for some fiat pairing on some real exchanges. Good start however.”

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Published on

2018-09-01 19:00:10

Author

Shahrain KM

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