Bytecoin (BCN), known as the first cryptocurrency that implemented CryptoNote technology, is now live for trading on the Chinese crypto exchange Gate.io.
The cryptocurrency, Bytecoin, continues its expansion on the Asian market after successful listings on both Binance and Okex earlier this year, and Gate.io is the logical continuation of BCN’s approach to be presented on more reputable exchanges.
This event reflects on the adoption rate of the first, privacy-oriented cryptocurrency between Chinese users, as Gate.io mostly suits traders from this region. In addition, Bytecoin has also adapted their ecosystem for Korean and Japanese users by translating the web wallet into their respective native languages. Moreover, this wallet also contains the ability to purchase BCN with Bitcoin and Ethereum, which makes owning the coin much easier.
One more fact which supports the necessity of the Bytecoin listing on Gate.io, is the ability to use OTC (over-the-counter) exchange for Chinese users, which simplifies access to BCN for some traders. In addition, Gate.io has mobile applications for both iOS and Android, which makes trading smoother and easier, as the only thing that the trader needs is a phone with an internet connection.
Bytecoin was originally launched in 2012 as the first privacy-focused cryptocurrency based on the CryptoNote technology, with such features as unlinkable transactions, untraceable payments and scalable blockchain.
After the continuous flat for the last months, Bytecoin has shown stable growth caused by listing on Gate.io and increased its rate by 15% on September 28, according to coinmarketcap.
Gate.io has started in 2017 and has since that time gained noticeable popularity in the crypto community for the variety of features, such as robust security system, mobile apps, and smooth interface.