BitBay Announces Support For Ether Trading
BitBay, a Poland-based Bitcoin and Litecoin trading platform, has announced that it has enabled Ethereum trading against fiat currencies (EUR, USD and PLN) as well as digital currency Bitcoin, on its platform.
“Ethereum trading is now available on our platform on the following currency pairs: ETH/ BTC, ETH/EUR, ETH/USD and ETH/PLN”, the announcement reads.
The rise in price of Ether, Ethereum’s unit of account, in the past couple of months has made several cryptocurrency exchanges to incorporate it to their list of supported currencies: Japanese bitcoin exchange Coincheck, Hong Kong-based bitcoin exchange Bitfinex, Mexican Bitcoin exchange Bitso, Chinese Bitcoin exchange CHBTC, to name a few.
Bitso said that it was impossible for it to ignore the amount of traction that Ethereum got in the past couple of months, adding that it was “only natural” for the company to incorporate Ether trading.
In addition, Cloud based financial services platform Uphold has also said that it is on track to launch Ethereum and Litecoin. BTCS Inc., a U.S. public company focused on blockchain technology, has announced the launch of a pilot program to begin securing Ethereum’s blockchain.
Ethereum reached a new milestone in March when its market cap surpassed the $1 billion mark for the first time. According to statistics available on Coinmarketcap.com, its market cap currently stands at around $770 million (at the time of writing) second only to Bitcoin.
Speaking of price, after hovering at below $1 dollar levels for a couple of months, ETH price found upward momentum and broke above $14 levels. It currently trades at $9.77 levels, at the time of writing.
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