HitBTC, a cryptocurrency exchange known for its support for the FIX protocol, is adding trading on Emercoin (EMC) – opening the EMC to BTC market. The venue additionally reports that an EMC/EUR pair will also be listed soon.
Emercoin was launched in late 2013. It offers a blockchain platform for different services, including an alternative domain name system, a distributed torrent tracker and a number of other applications. During the last few years, its price has increased, and it now stays around $0.4 per one EMC, making it the 16th most valuable crypto asset with a total market cap of around $16,000,000.
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Paul Clarkson, product manager at HitBTC, states: “Emercoin’s consistency is the reason for its success. A very few blockchain projects can boast of both a developed range of products, and a well-organized financial ecosystem. But Emercoin has both, and HitBTC is proud to support the technology, opening EUR and BTC exchange markets for Emercoin.
Personally, I can’t believe Emercoin took such important steps so silently. They actually reached a huge milestone in the cryptocurrency realm, but it went almost unnoticed. Emercoin’s listing was part of our roadmap anyway, but when we found out the technology had been implemented in real economic conditions, we made it #1 for listing on HitBTC.
Emercoin has a decent market cap, but having entered the real economy, even locally, it deserves a much higher rate. We believe that Emercoin has a potential to reach a billion dollar market cap. Therefore, having it listed on our exchange is a must.”