COBINHOOD to list IOTA on May 4th, DENT to Follow Soon After
COBINHOOD, the world’s first zero-fee cryptocurrency trading and exchange platform, has announced that IOTA trading pairs will be listed on May 4.
Only the deposit and trade of IOTA tokens will be enabled initially, with supported trading pairs being between Bitcoin (BTC), Ethereum (ETH) and Tether (USDT). Two weeks following live trading, withdrawals will be enabled.
IOTA is the first open-source distributed ledger that enables completely fee-less microtransactions whilst providing data integrity solutions for machine-to-machine communications.
The Tangle, the network IOTA tokens are integrated with, is famously not a blockchain, but a stream of individual transactions entangled together. It is claimed that the efficiency of the Tangle will grow over time as more transactions are processed and more participants join.
This will mark the first new listings for the COBINHOOD platform in the month of May, the second being DENT, listed a few days after on the 7th, and will only be available for trade with Ethereum (ETH) and Bitcoin (BTC).
Dent (DENT) is an ecosystem developed for the decentralized exchange of mobile data around the world. Users of the Dent marketplace can buy, sell and donate their mobile data.
A fully-fledged Dent marketplace would eliminate expensive roaming fees associated with the consumption of mobile data, as the exchange would support instant international trade.
COBINHOOD, not to be confused with popular traditional stock-trading app Robinhood, is the seventh biggest exchange for fee-free cryptocurrency trading in the world, averaging a volume of around US$2 million every day. It was launched in December 2017.
Image From Shutterstock