Bitcoin Cash and Litecoin Surge, Binance Reveals New Crypto Exchange, and Kucoin Delists 5 Altcoins
Bitcoin Cash and Litecoin Lead Altcoin Rally
The overall market cap of all cryptocurrencies has surged more than 20% since Monday, rising from $145 billion to just over $175 billion, according to CoinMarketCap at time of publishing.
So far, Bitcoin Cash and Litecoin are leading the altcoin pump. Since April 1st, Bitcoin Cash has surged from $167.62 to $310.39. Meanwhile, Litecoin has rallied from $60.48 to $87.86 in the same time period.
Right now, the two coins are the biggest gainers in the last 24 hours, up 22% and 10%, respectively.
The surge of Bitcoin Cash has pushed the coin higher on the list of the top 10 cryptocurrencies by market cap. Bitcoin Cash is now in the number four spot, up from sixth place on April 1st. Litecoin has remained in the number five slot.
KuCoin Delists 5 Crypto Assets
The Singapore-based crypto exchange KuCoin says it’s removing five cryptocurrencies that don’t live up to its standards. Trading pairs will be shut down on April 6th.
- Global Awards Token (GAT)
- Elixir (ELIX)
- LOCIcoin (LOCI)
- Trinity (TNC)
- Unikoin Gold (UKG)
Users will be able to withdraw their funds until July 06, 2019.
Binance Reveals New Crypto Exchange
Meanwhile, the world’s leading crypto exchange, Malta-based Binance, has announced the launch of its next fiat-to-crypto trading platform. Binance Singapore will launch this month, pairing crypto assets directly with the Singapore dollar.
"#Binance Singapore will come online in April. It will be our next Fiat to Crypto exchange servicing $SGD " – @cz_binance #deconomy2019 #Binance
— Binance (@binance) April 4, 2019
Binance says it plans to launch around 10 fiat-to-crypto exchanges this year. Binance Uganda, Binance Jersey and Binance Lite Australia are already up and running.
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