One of the leading altcoins, Electroneum (ETN), which has more than two million users who mine and transfer the cryptocurrency through their mobile phones, is trading in five new markets for the first time after it was listed on CoinBene, a top cryptocurrency exchange.
The mobile-based cryptocurrency will now trade in India, Brazil, Hong Kong, Singapore, and Malaysia after its listing on CoinBene, one of the fastest-growing cryptocurrency exchanges. Electroneum will be paired with Bitcoin (BTC) under CoinBene’s trading rules, which see cryptocurrencies paired with either Bitcoin (BTC), Ethereum (ETH) or USDT. It is the first British crypto to join the exchange.
[perfectpullquote align=”right” bordertop=”false” cite=”CoinBene Brazil CEO and Global Vice President, Feng Bo” link=”” color=”” class=”” size=””]“The search for tokens and cryptocurrencies with potential for mass adoption is part of our strategy to stimulate market growth. Electroneum has a strong and vocal community which helps market development and maintains our position in the rankings of exchanges with the most varied and profitable portfolios.”[/perfectpullquote]
[perfectpullquote align=”full” bordertop=”false” cite=”Electroneum CEO, Richard Ells” link=”” color=”” class=”” size=””]“Joining CoinBene is a milestone for the ETN team and marks our evolution as a global cryptocurrency. CoinBene has rapidly become a top ten exchange with a global presence that includes five key territories in emerging markets, which will be crucial as we become a true enablement currency that helps people across the world to improve their lives on their terms. We’re excited to be working with them – they’re a great team and we’re confident we’ll do great things together. Electroneum was designed for mass adoption – to be used by anyone anywhere in the world. As well as our mining and transfer capabilities, we’ve developed a payment system that enables people to buy and sell goods and services instantly – much like contactless payment. Other cryptocurrencies can take between 20 minutes to a couple of hours to transfer from buyer to seller, so our approach will set us well apart from the pack. Just having two decimal places – and the capacity to sustain this because we have 21 billion worth of ETN available – makes us more attractive to people as an alternative payment method. It shows a similarity with dollars and cents or pennies and pounds, allowing ETN to be a real digital alternative to traditional or fiat currency instead of something that seems complex and inaccessible.”[/perfectpullquote]
With a global user base of more than two million, and the ability to enable people to mine and transfer the currency through their smartphones, Electroneum is strongly positioned for mass adoption. Electroneum launched in November 2017, breaking the one million user mark within four months and achieving more than two million users by August 2018.
The Electroneum team also designed ETN, the native cryptocurrency, to enable payments to be paid to two decimal places like Great British Pounds (GBP), Euros or U.S. Dollars (USD).