One of the big bitcoin trading platforms in China, OKCoin, has joined the list of exchanges that launch an Ethereum trading. Since OKCoin users hav
One of the big bitcoin trading platforms in China, OKCoin, has joined the list of exchanges that launch an Ethereum trading.
Since OKCoin users have expressed interest in the development of Ethereum (ETH) and Ethereum Classic (ETC), the trading platform formally enabled trade of Ethereum on the OKCoin exchange, as they wrote on their website on May 30.
“More than 20 top global financial institutions and technology companies, including JPMorgan Chase, CME Group, BNY Mellon, Thomson Reuters, Microsoft, Intel, and Accenture, have set up the Enterprise Ethereum Alliance (EEA) to define enterprise-grade applications of Ethereum. China’s Tencent, Zhong An Insurance and other well-known companies are also investigating various applications of blockchain. The United Nations has just launched its first large-scale Ethereum test to distribute humanitarian funds.”, as they said on their website.
“Our industry and the history of technology offers us many warnings, whether it’s the IE browser or the Nokia mobile phone. No matter how dominant, how much market share you have, if you do not adopt the latest technology and fail to constantly improve on the core user value proposition, time will pass you by.”, as OKCoin added.
At the same time, Ethereum is reportedly experiencing a boom period, having scaled over 2500% since the beginning of the year. Ethereum`s market cap has reached half of that of Bitcoin, quite a success since Bitcoin has long been the leading cryptocurrency in the space.
As of June, Ethereum has a market cap of $24,503,244,335 as opposed to Bitcoin that has $46,205,244,707, according to coinmarketcap.com.
It is to be seen how thing will change in the near future.