Binance Has Listed Privacy-Focused CloakCoin
The announcement has confirmed that CLOAK will be available for trade in BTC and ETH pairings.
With an issue date going back to 2014, CloakCoin was one of the first cryptocurrencies to introduce total privacy as the focus of its future development.
CloakCoin is designed to facilitate private, secure, decentralized and untraceable transfers with CloakCoin-ENIGMA.
ENIGMA is a private and secure transaction system that lets CloakCoin users set the parameters of their security according to their privacy needs.
Many users already compare ENIGMA to the Wraith Protocol released by Verge (XVG) in January this year.
Another distinct feature of ClockCoin is its low circulating supply of just over 5M. For the past 7 days, CLOAK has registered over 103% growth but is still far from its all-time high of $35 USD. Currently, CLOAK is priced at $14.54 USD up almost 20% for the past 24h.
It is without a doubt an interesting move by Binance as privacy coins such as Monero (XMR) and Verge (XVG) have gained significant attention in the past 6 months with the industry, business’ and individuals looking for ways to transfer funds around the globe privately.
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