Good news for the DigiByte (DGB) hodlers who had been willing to use the cryptocurrency on popular Chinese exchange, DigiFinex.
The announcement of the listing was passed across via the official website of the exchange, on 20th November 2019.
According to the update, DigiByte (DGB) will be available for trading on the Singapore-based cryptocurrency exchange from 22nd November, at 15:00 (GMT+8).
The exchange also related that deposit and withdrawal service will commence as from 21st November 2019 at 15:00 (GMT+8), with DGB/USDT as the trading pair.
It is a welcoming development for DigiByte (DGB) and the listing offers another means of using the digital currency.
The addition of Digibyte to DigiFinex is an addon for the growth and development of DigiByte in the blockchain industry. While there has been a series of speculations that China will soon authorize Bitcoin and other cryptocurrencies, the development sound as a feasible mainstream adoption for Digibyte.
Over the past few years of its emergence, DigiByte has used its focus on cybersecurity to foster the efficiency of digital payments and decentralized applications.
Announcing the listing, DigiFinex described DigiByte (DGB) as one of the world’s most decentralized, fastest and longest UTXO blockchain at the moment.
Afterward, the listing was also confirmed by Digibyte (DGB), via its official Twitter handle. The cryptographic project showcased its excitement towards the listing by appreciating the kind gesture of the digital currency exchange, DigiFinex.
— DigiByte (@DigiByteCoin) November 20, 2019
DigiByte (DGB) Spikes in the Market
It is habitual for digital currencies to surge after getting support from a major cryptocurrency exchange.
The same thing has also played out in favor of the price of DigiByte (DGB) after the recent listing on DigiFinex exchange. The price spike which the digital currency experienced over the last 24 hours has aided it to surpass a number of other digital tokens to occupy 51st position in the crypto market.
At the time of filing this report, DigiByte (DGB) is trading at $0.007635, with 13.09% price upsurge on 24 hours basis.
Top Cryptocurrencies’ Prices Slide
Virtually all the top digital currencies especially the top 10s have failed to impress users with in the last few hours. Bitcoin (BTC), the largest cryptocurrency by market capitalization has retraced below $8,000, trading at $7,983.7 at the time of writing.
Ripple’s digital token XRP has also lost its usual surging trend to the determined bears by dropping farther below $0.3 resistance level, to trade at $0.25 price region.
Therefore, it can be deduced the latest listing of DGB on the DigiFinex exchange probably has a hand in the price surge of the digital token, considering the rate at which the prices of top cryptocurrencies slide in the market.