By Solomon Odunayo
Poloniex, a cryptocurrency exchange that has been in existence since 2014, has recently announced the listing of Tezos (XTZ) on its trading platform to give its users more options of digital tokens to leverage.
Tezos (XTZ) that presently occupies the 10th position in the cryptocurrency market is expected to gain more exposure for expansion via the listing.
The crypto exchange, Poloniex, announced the new development via its official Twitter handle a couple of hours ago. According to the report, users can start depositing XTZ right away.
According to the exchange, XTZ/BTC, XTZ/TRX, and XTZ/USDT are the three trading pairs that will be made available for users and XTZ holders on Poloniex exchange very soon.
Poloniex shared this, “New listing alert. Tezos is now available on Poloniex! You can deposit XTZ into your account now and soon you’ll be able to post limit orders for XTZ/BTC, XTZ/TRX, and XTZ/USDT.”
🚀 New listing alert 🚀@Tezos is now available on #Poloniex! You can deposit $XTZ into your account now and soon you’ll be able to post limit orders for XTZ/BTC, XTZ/TRX, and XTZ/USDThttps://t.co/algpGE3TmB pic.twitter.com/Nr6KEdcYuk
— Poloniex Exchange (@Poloniex) March 24, 2020
Tezos (XTZ) and Other Cryptocurrencies in the Market
Tezos (XTZ) is still holding its position among the top 10 in the cryptocurrency market. Bitcoin (BTC), the largest digital currency by market cap is presently leading other cryptocurrencies on a positive price trend.
XTZ is also replicating the favorable price situation. At the time of filing this report, XTZ is trading at $1.73, with a 4.86% price increase in the last 24 hours.