Coincheck Adds Another Cryptocurrency Qtum For Trading
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Coincheck Adds Another Cryptocurrency Qtum For Trading

February 25, 2020      Javeria

Local companies across Asia are giving Japan and other countries a fierce competition in the crypto market. The Asian crypto exchange, Coincheck which is currently managing trades, selling and buying of eleven crypto assets announced on 25th February to add another asset to the mix. The exchange announced to add cryptocurrency Qtum as their 12th asset for trading.

Services Applicable For Coincheck’s Latest Added Cryptocurrency Qtum

Just like other cryptocurrencies the exchange is managing at the current moment, it will allow the users to sell, receive and buy Qtum. The users can also use Qtum for lending services. According to existing service, Coincheck allows customers to lend their cryptocurrencies to the exchange for a loan contract. After the successful completion of the agreement, the currencies would be returned to the customers with up to 5% annual interest rate added to it.

Qtum, the blockchain platform established in December 2016 is working both with Amazon and Google for the development of their Dapps platform. Although the releasing date is not yet set.

Keeping in mind the capability of Qtum that can implement Eth smart contracts while adopting Bitcoin’s highly secure balance check method, it can be said that the cryptocurrency can multiply the advantages of Bitcoin and Ethereum. Moreover, the currency can be used as the decentralised application platform as well as payment.

Qtum’s Partnership With Google Cloud

Qtum announced its partnership with Google cloud in May 2019. The blockchain platform described the partnership as a step towards making their platform much simpler as well as intuitive.

Miguel Palencia, the CIO of Qtum commented that its new Google Cloud developer suite makes the nodes faster and easier by introducing helpful shortcuts and tools. He further added by saying that with the partnership with a widely accessible technology like Google, Qtum looks forward to expanding its reach among experts as well as everyday users.

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Javeria is into the crypto world ever since she heard about it and is pursuing her interest through cryptoknowmics. She is a sensational poet, technical writer and content strategist. Not to mention that she can go crazy when it comes to vampires and Wonder woman.