FOR IMMEDIATE RELEASE
Poloniex Welcomes New Monero (XMR) Markets
Monero is the First Altcoin to get its Own Market Pairings since Litecoin on Poloniex.com
WHITEFISH, MT, July 23, 2014 — Poloniex.com announced today that the company will offer new market pairings with Monero (XMR) to Poloniex customers, beginning on Wednesday, July 23rd 2014.
Monero, a private, secure, and untraceable cryptocurrency based on the CryptoNote protocol, has been the most actively traded cryptocurrency on Poloniex nearly every day since the addition of the XMR/BTC market. “Since its debut, Monero has been trading in huge volume and has demonstrated impressive resilience during market fluctuations,” Poloniex owner, Tristan D’Agosta stated. “Couple that with an active and strategic development team, and expanding our XMR pairings simply made good sense for our customers.”
“We could not have dreamed of a better exchange to host the first XMR market,” stated an exuberant David Latapie, a core team member of Monero. “With the recent onslaught of fraudulent cryptocurrencies, we knew Poloniex had toughened their acceptance criteria for inclusion in their market listings. So for an exchange with such rigorous standards to open multiple XMR market pairings, it’s a vote of confidence for the Monero development team. We are excited for what’s ahead.”
Monero continues to be actively mined today. Currently traded at .00503000 BTC per coin, Monero’s nethash is at approximately 15.950 MH/sec with difficulty at 940 million, according to Monerochain.info. “Miners appreciate that our proof-of-work algorithm decreases the performance gap between CPU and GPU mining, allowing CPU miners to still mine relatively efficiently,” stated Latapie. “They believe Monero’s value will rise as its usefulness and utility increases, and the Monero team is firmly committed to delivering world-class solutions for Monero investors. We’re in it for the long-haul.”
Starting on July 23rd, Poloniex will open the following eight Monero market pairs: BCN/XMR, DIEM/XMR, DRK/XMR, IFC/XMR, LTC/XMR, MAID/XMR, NXT/XMR, and QORA/XMR.
Based in the United States, Poloniex is a leading cryptocurrency exchange offering over 100 Bitcoin (BTC) markets available for trading. Founded in January 2014, Poloniex offers a secure trading environment and provides advanced charts and data analysis tools to its customers.