Cryptocurrency Bytecoin (BCN) is now live for investors on the Chinese cryptocurrency exchange, Gate.io for trading. BCN is the first cryptocurrency that implemented the CryptoNote technology. After successful listings on both OKEx and Binance exchanges earlier this year, BCN continues its expansion in the Asian crypto market.
With the listing of BCN on Gate.io, it reflects the adoption rate of this first, privacy-oriented cryptocurrency amongst the Chinese users. Apart from this, Bytecoin has also adapted their ecosystem for Japanese and Korean users. They have done this by translating the web wallet into the native languages of Japan and Korea. This wallet also allows the users to purchase BCN with Ethereum and Bitcoin, which makes owning the coin much easier.
The ability to use over-the-counter (OTC) cryptocurrency exchange for Chinese users is another factor which supports the necessity of the Bytecoin listing on the Gate.io exchange. It simplifies access to Bytecoin for some traders. The Gate.io exchange also has mobile apps for both Android and iOS which makes trading easier and smoother, as the only thing that the trader needs is a cell phone with an internet connection.
Bytecoin was originally launched in 2012. It was the first privacy-focused cryptocurrency that was based on the CryptoNote technology. It had features such as untraceable payments, unlinkable transactions and scalable blockchain, as stated in the Cointelegraph report. After its listing on Gate.io, Bytecoin has shown stable growth and its rate increased by 15 percent on September 28. Presently, it is ranking at 24, according to CoinMarketCap.
In a mass surveillance world, CryptoNote uses innovative ideas and advanced mathematical analysis to empower cryptocurrency exchange users with true privacy, both personal and financial. It develops and promotes new approaches to further emancipate and decentralize cryptocurrencies. The firm intends to shift the present global paradigm through egalitarianism and cryptography, as stated on its website.
The post Bytecoin (BCN) Now Live For Trading On Chinese Cryptocurrency Exchange appeared first on OWLT Market.
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