Electroneum Makes Its Way to Huobi — What’s Next?

The British-based altcoin startup has been making headway these days. The team has made several announcements lately, signaling that the project is on track with its plans for 2019. Singapore-based cryptocurrency exchange Huobi has listed Electroneum (ETN), which is now tradable on the platform for all eligible customers. Huobi enabled deposits with the coin as of 14:30, March 13, 2019 (GMT+8) — while trading functionality became available on the following day, in line with the standard listing procedure.

We're now live for trading on Huobi! A big thank you to everyone who opened accounts yesterday. https://t.co/VQt5aplXIH

— electroneum (@electroneum) March 14, 2019

More Good News for Electroneum

The Electroneum community happily received the news, as Huobi is one of the top-ten cryptocurrency trading platforms and a significant player in Asia. According to Electroneum’s CEO Richard Ells, the Huobi listing opens up enormous opportunities for the project in the continent, which is known as one of the more vibrant cryptocurrency regions. To date, Huobi is the largest exchange for ETN, which can be traded against Bitcoin (BTC) and Ethereum (ETH). The overwhelming majority of the coins fan base was excited, as this development is regarded as a massive step towards Electroneum adoption. Following the listing announcement, Electroneum’s team posted a video message, in which Ells asked ETN users to open accounts with Huobi and deposit some coins to prove that the cryptocurrency has enough liquidity. Also, to celebrate the event, the company launched a competition, where verified Huobi users can win 5.7 million ETN. The prize pool will be distributed among the participants who trade ETN in the period from 15:00 on March 14 to 15:00 on March 24, 2019(GMT+8), proportional to their trading volume.

ETN Has Room to Grow

Electroneum (ETN) ranks as the 73rd largest cryptocurrency with a current market capitalization of $62.6 million. The coin gained over 23 percent in a matter of hours, jumping from $0.0064 to $0.0079 on the listing announcement. It is worth noting that the company has made a series of fundamental breakthroughs in the project’s development, including the launch of a smartphone for cryptocurrency mining (Electroneum M1) and a partnership with South African financial service provider and virtual mobile operator Unlimited. Meanwhile, news of the listing was a healthy boost for ETN, which confirms the theory that a coin’s success is measured by its listings. Do you think Electroneum is an interesting project worth looking into? Will Huobi’s listing boost ETN’s trading volumes? Let us know what you think in the comments below!