The proposal to list Verge (XVG), the 65th largest digital currency by market capitalization, on Abra, a cryptocurrency investing App, has finally materialized. Abra made the announcement earlier today, stating that it has added XVG to the over 200 cryptocurrencies on its network, and users can now make withdrawals to their bank account.
Abra is a FinTech company that opens cryptocurrency to several users across the world via its application, hence the listing of Verge (XVG) is a great development with the possibility of expanding the adoption of the altcoin.
The announcement of the listing was aired today, the 15th November 2019, by Abra via its official Twitter handle. The one simple cryptocurrency investing App shared that the digital token XVG can now be easily sent and received in exchange for USD on its network.
Abra also added that users can choose to withdraw funds to their respective bank accounts when desired. This obviously opens more adoption of Verge (XVG), as the cryptocurrency leverages the benefits rooted in the widely used Abra App.
— Abra (@AbraGlobal) November 15, 2019
Before the eventual listing of Verge (XVG), the cryptocurrency investing App Abra had earlier proposed the listing of the altcoin.
Verge (XVG) Price Spikes after Abra Listing
The recent listing seems to have turned to a blessing for the digital token Verge (XVG) in the market. There has been a transformation of position for XVG over the past hours after a significant surge in its price.
Despite the strong downtrend that affected the price of most digital coins in the market, Verge clearly stood out. At the time of filing this report, XVG is trading at $0.005235, with a 36% price uptrend in the last 24 hours.
Image Credit: CoinMarketCap
The recent exposure of XVG on Abra, a simple cryptocurrency investing App, has been envisaged within the Verge community and the crypto sphere at large as the cause of this price spike.
Aside from the outstanding performance showcased by Verge (XVG), Horizen’s native digital currency ZEN, which uses advanced cryptography for optional privacy also experienced a notable 24 hour price increase of about 23%.