Cryptocurrency exchange Bitfinex adds support for NEO token
After the China ICO ban earlier in the week which caused tokens of China-based open source blockchain platform NEO to lose access to Mainland China, Hong Kong-based cryptocurrency exchange Bitfinex announced today that it will support NEO.
Starting today, NEO exchange trading has begun on Bitfinex and is available for the pairs USD, BTC & ETH. Margin trading for these pairs will be enabled gradually, at a later point in time, once the order book develops sufficient liquidity.
The Bitfinex team stated:
“We are excited to support the NEO ecosystem and the team behind the token, and to experience first hand the growth and development of the project.”
“NEO is China’s first ever open source blockchain. Founded in 2014, NEO’s mission has been to reinvent the way commerce is done. We believe technology drives progress and together we can create the future. Motivated by this, NEO has been created to shift our traditional economy into the new era of the Smart Economy.”
After being down as much as 40% from the previous week and hitting lows around $20, NEO tokens rallied on the exchange listing news to $25-$30.
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1 Comment on "Cryptocurrency exchange Bitfinex adds support for NEO token"
the spike of 30% NEO price we just saw today is short lived and relies on the advertisement made by Bitfinex introducing this coin on its trading platform; I doubt that many of those who bought it new anything about NEO white paper or about its problems in China