Leading cryptocurrency exchange Bittrex has added 12 new coins in the second quarter of 2016, making it the only exchange listing all of the CoinMarketCap top 20 coins. The coins added in order of most recent are: Rise, Waves, DigixDAO, Breakout, Project Decorum, The DAO, Krypton, Lisk, SARCoin, STEEM, Destiny, Memetic.
“Bittrex continues to support innovative technology and business models on the blockchain, and we’re proud of the growing variety of options we provide our users”, said Bill Shihara, CEO and co-founder of Bittrex. “Each token is vetted thoroughly before we add it to Bittrex, and fair price discovery of tokens helps secure these networks and demonstrate market support in their use cases”.
Both Waves, added in June, and Lisk, added in late May, were listed first on Bittrex and debuted as top-ten coins. They have steadily remained among the top dozen coins since their introduction. More than 95 percent of Steem and Waves trading is currently done through Bittrex.
WAVES is a decentralized platform that uses custom blockchain tokens to represent value. Tokens can be issued by any platform user, and can be transferred, swapped, and traded on an integrated decentralized exchange. Tokens may represent a share in a crowdfunding project, financial instrument, or any other item with inherent value.
Lisk functions as an alternative to other decentralized application platforms. Its simple platform and use of JavaScript allows programmers to develop their own dapps easily and efficiently. Currently, Lisk takes the tenth slot in the list of cryptocurrencies by market cap.
Steem is a blockchain-based social media platform where users can earn rewards. July has been quite spectacular for Steem as it has become the third largest cryptocurrency with market capitalization over $400 million.
The cryptocurrency landscape is in a constant state of expansion as brand new coins are developed and built on blockchain technology. Bittrex supports both new and established cryptocurrencies, providing users with an ever-growing selection of investing and trading opportunities. Bittrex conducts compliance audits on all new coin launches, ensuring that users have the information they need to make informed decisions. The exchange currently supports more than 190 cryptocurrencies.