QtumTo Trade on Coincheck Soon
Japan may be on the way to creating a state-issued digital currency, but local businesses can still innovate in the world’s third-largest economy and provide some healthy competition. Let’s check to QtumTo Trade on Coincheck Soon.
Coincheck, the Asian nation-based crypto-exchange, actually manages trading, selling, and buying for 11 cryptocurrencies. On February 25 they announced they were planning to add another to the mix. The Qtum cryptocurrency (QTUM) will soon be the twelfth tradable on the exchange.
Why QTUM is different from other cryptocurrencies on Coincheck?
As with other exchange-managed cryptocurrencies, Coincheck will allow its users to send, receive, buy and sell Qtum.
We will also be able to use Qtum for the lending service to Coincheck, however. Under the existing service, users can lend to the exchange their cryptocurrencies by agreeing to a loan contract. Once this contract expires Coincheck must refund the cryptocurrency with an additional annual percentage rate. The exchange claims have been up to 5 per cent annual interest rate.
Qtum is a platform for blockchain created in December 2016. They work with both Google and Amazon to develop their platform for the Dapps. The release date for the crypto-currency has not been set as of Feb. 25.
This article has only intended for information purposes. Neither the company nor the author shall liable, directly or indirectly, for any damage or loss caused or alleged to result from or in connection with the use or reliance on any content, goods or services referred to in this article.