London Block Exchange to Launch New Coins, Android App

The cryptocurrency exchange platform will launch a new coin every day next week.

London Block Exchange (LBX), a cryptocurrency exchange platform, is going to add a selection of new cryptocurrencies for trading this week, according to a company press release.

LBX offers an application through which customers can sell and purchase pound sterling against Bitcoin, Ethereum, Litecoin, Ripple, Ethereum Classic, Bitcoin Cash. The company is based in Canary Wharf and is regulated by the FCA.

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It will be adding one new coin every day. In no particular order, these are Basic Attention Token, STATUS, Golem, OmiseGo and 0x. These coins have market capitalisations of 362.6 million, 445.7 million, 494 million, 1.4 billion and 856.3 million dollars respectively.

CEO Benjamin Dives said: “By the end of the week London Block Exchange will have 11 tokens on offer through its user-friendly app. All five coins offer unique and exciting prospects as well as reputable backing, and we’ll be educating our customers about their offerings throughout College of Crypto so they can make informed choices. We’re also committed to adding more coins onto the exchange to give our customers as much choice as possible.”

The firm will also be releasing its application on the Android operating system this week.

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OmiseGo is an Ethereum-based blockchain which runs on the more-scalable Plasma architecture.

STATUS is an application that turns your mobile phone into an Ethereum node.

Golem, which raised 8.6 million dollars in 29 minutes during its 2016 ICO, is a peer-to-peer market that allows you to sell your computer’s excess CPU power for other people to use.

Basic Attention Token uses blockchain technology in the realm of online advertising,

0x is an “open, permissionless protocol allowing for ERC20 tokens to be traded on the Ethereum blockchain.”

LBX recently announced that customers will be able to use the Faster Payments Service, which is an electronic payment service for pound sterling invented by some major banks. LBX allows transfer of pounds to cryptocurrencies and vice versa through FPS.

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