Singaporean bitcoin options exchange Coinut adds ETC support
Coinut, a bitcoin options exchange owned by Coinut Pte. Ltd., a Singapore company, announced that it has added the support of Ethereum Classic (ETC) trading.
According to the company tweet, it stated that 10 % of the trade exchange fee will be donated to the developers of ETC development team.
Ethereum Classic stands seventh among the blockchain assets with a market cap of $575 million at press time.
The company led by founder and CEO Xinxi Wang was founded in 2013 that aims to offer a bitcoin derivatives exchange including both options and futures to provide comprehensive risk hedging and speculation tools.
Coinut had shut down its liquidity and temporarily halted service in the month of March, in order to re-launch. Now, the company has resumed its services after two months. The exchange is incorporated as Coinut Pte. Ltd. and was first backed by BoostVC and Bitmain Technologies.
With its re-launch, the exchange has included some new branding and looks. It has launched a new insurance fund to protect against losses and additionally API looks with availability of both REST and WebSocket.