When it comes to cryptocurrency exchanges, there is one constant to be found : all altcoins have to be traded against either Bitcoin or Litecoin. Exchanges such as Cryptsy and Bittrex have been experimenting with additional trading markets in the form of Blackcoin and Primecoin, but these endeavours have not lead to any major successes just yet. EmpoEx, a recently launched digital currency exchange, is looking to open up an additional trading market in the form of Viacoin. On the other hand, some coins will be facing delisting , so let’s look at those as well.
EmpoEx To Open Viacoin Trading Market
While the choice of Viacoin might seem like an odd choice to some of our readers, there are plenty of good reasons why this coin was chosen above others. When we asked about the motivation behind this choice, the EmpoEx owner told CryptoArticles the following :
“We believe Viacoin has a very bright future, which is a good enough reason in its own right. Things have gotten even more promising when they enabled Auxiliary Proof-of-Work, allowing VIA to be merged mined with other Scrypt coins. Adding Viacoin as an additional trading market is a win-win situation for all parties involved.”
What is even more interesting is the fact EmpoEx will not trade Viacoin against each and every altcoin they have listed on the exchange. Instead, they have opened up a poll on BitcoinTalk, asking users to vote on which coin they want to see traded against VIA on the exchange.
As things stand right now, it looks like KingdomCoin (KING) and KryptoHash (KHC) have taken the lead, with Failcoin (FAIL) and Dogecoin (DOGE) on their heels. The top voted coins will receive their Viacoin trading pairs as soon as possible, and you can cast your vote until January 7th.
While both the Bitcoin and Litecoin trading market trades are subject to a 0.2% fee per transaction, the Viacoin trading market trades will be subject to a 0.15% fee per transaction. All of these pieces of information can only bring even more attention to Viacoin and its community. We will be keeping a close eye on things and keep our readers informed accordingly.
EmpoEx To Delist Handful of Altcoins
Personally, I do like to see coins getting delisted on exchange once they stop bringing in noteworthy trading volume. Some exchanges are far more lenient in this regard compares to others, but EmpoEx seems to be on the trigger in order to delete 15 altcoins by January 7 :
‘We have to remove some coins from our exchange.
Please withdraw your coins by 7th January. We will be delisting them and removing their daemons from our servers, which means you won’t be able to withdraw any coin mentioned below.AFTER date given above.
Please send small amounts, as our hot wallet is being emptied small coin inputs remain causing large size transactions to fail.
This is the list:
ABC2, DANK, DIO, DSB, ETD, ICNX, LION, LOG, MIC, MEWN, MOB, ONE, TRFC, WINT, XNAN“
EmpoEx adds SquareBit (SBIT) To Their Platform
Last but not least, a new altcoin has been added to EmpoEx, called SquareBit (SBIT). This is not an altcoin we have actively covered here on CryptoArticles just yet, but we are keeping an eye on things just in case. Since SBIT has been added to EmpoEx, there has been over 2.6 BTC of trading volume in this market already.
Most of you will probably laugh at such a low trading volume, but keep in mind EmpoEx is still a new exchange and is not on the radar of most cryptocurrency users just yet.