Huobi have announced the listing of Verge XVG as a trading pair against both Bitcoin and Ethereum. As it stands, deposits are now available with trading set to go live on the 1st of August 2018. The news has had a positive impact on XVG, which at the time of writing is up 5.45%. This might not seem to be a significant climb given the scale of the listing, but, as it stands the markets are experiencing very heavy correction, therefore XVG is doing well to move away from this in making some slight positive movements.
At the time of writing, XVG’s neighbours DigiByte, Dogecoin, Siacoin and Bytom are down 2.28%, 5.14%, 6.82% and 9.60% respectively.
According to Huobi:
“Verge (XVG) will be launched on Huobi Pro on July 31, 2018 (GMT+8). Deposits will be available from 14:30, July 31, 2018 (GMT+8). XVG/BTC and XVG/ETH trading will be available at New Zone from 15:00, August 1, 2018 (GMT+8). Withdrawals will be available from 14:30, August 3, 2018 (GMT+8).”
“Users are advised to carefully read the tips in the deposit/withdrawal page for this token before effecting any balance transfers. Users who fail to adhere to the warnings specified within may lose the transfer amount, especially if it does not meet the minimum quantity. In doubt, please reach out to Customer Support. Investing in digital assets comes with high risks due to huge price fluctuations. Before investing, please have a full understanding of all the risks of investing in digital assets and be prudent of your own investment decisions.”
Verge have been very quiet of late, therefore this new listing might help inject some life and some funds back into the project. After the flunked PornHub announcement of April, Verge has received bad press after bad press, mainly as a result of its vulnerability to double spend attacks which seemed to cripple Verge over a number of months.
Moreover, PornHub recently announced the acceptance of other crypto payment options, such as TRONs TRX, calling into question the legitimacy of Verge’s crowdfunding campaign that was allegedly set up to help fund ‘the biggest cryptocurrency partnership announcement the world has ever seen’.
Since then, Verge have been pretty quiet. Perhaps this is the announcement they need to get the ball rolling once again?
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