DAX is the Gibraltar Blockchain Exchange where users can exchange, buy, and sell digital currencies and get into the marketplace for ICOs (Initial Coin Offerings). Now, the digital currency trading platform just added two new digital currencies to the list of tradable coins on the platform. The two newly added digital currencies are XRP (XRP) and EOS (EOS) – the digital currency of EOS.IO.
EOS.IO is a blockchain-based protocol. However, the protocol is powered by digital currency. The digital currency – EOS (EOS) – was launched back in 2017. But the digital currency has not maintained a high price for a long period of time since its launch.
Though EOS has tested the $18 mark, – which is its highest level – the digital currency has also tested the low of 80 cents. In the statement on the subject today, Sponsor Firm Iconiq Holding is in charge of moving the listing along. This was accompanied by the listing of XRP (XRP) with the DAX last week.
XRP (XRP) Price Today – XRP / USD
The founder and managing director of Gibraltar Stock Exchange (GSX) Group Limited – Nick Cowan, said: “With a market cap of $2.3 billion at the end of last year, EOS (EOS) is a noteworthy addition for the GBX-DAX and is a further testament to the amazing work the team continues to do behind the scenes. Everyone is familiar with EOS.”
The founder further added that “It is globally traded at volume. On the GBX-DAX, not only will it be traded in a trusted and secure environment, but a regulated and insured one. As we push for greater adoption of digital currency and blockchain, providing users with access to the best digital currencies through our regulated trading platform continues to be at the heart of everything we do.”
Over the past twelve months, the digital currency has experienced a lot of significant changes. The trading platform was awarded a full license in November last year by the Gibraltar Financial Services Commission. The trading platform was launch in February last year with a successful Initial Coin Offering (ICO). The platform was able to raise $27 million via the ICO sales.
Patrick Lowry – the CEO of Iconiq Holding – said that: “Iconiq is super excited to bring EOS (EOS) to the community of GBX by sponsoring its listing on the DAX. Iconiq is a large proponent of the vision of Gibraltar Blockchain Exchange, and through the continued jointed efforts of Iconiq, GBX and the great Sponsor Firms behind GBX, we aim to bring more quality tokens such as EOS to the community of GBX.”
EOS Is a Threat to Ethereum
EOS (EOS) has been doing pretty well in the crypto space ever since its emergence. The digital currency has been a great investment option for many digital currency investors. The blockchain of EOS has also come in really handy as it helps developers to build and deploy decentralized applications. The platform of Ethereum is also used for building decentralized apps. At the moment, the existence of EOS is a big threat to Ethereum, as more developers are now migrating to the blockchain of EOS.
EOS Price Today – EOS / USD
EOS (EOS) is currently worth $2.44 after an increase of about one percent over the past twenty-four hours. The digital currency currently boasts of a market cap of $2.46 billion with a trading volume of $714.38 million over the past twenty-four hours.