bitCNY (CURRENCY:BITCNY) traded 1.5% higher against the US dollar during the 1 day period ending at 17:00 PM Eastern on February 26th. bitCNY has a market capitalization of $38.05 million and approximately $25.74 million worth of bitCNY was traded on exchanges in the last day. During the last week, bitCNY has traded 4.9% higher against the US dollar. One bitCNY token can currently be purchased for about $0.17 or 0.00001619 BTC on major cryptocurrency exchanges including Coinbene, OpenLedger DEX, AEX and BitShares Asset Exchange.
Here’s how related cryptocurrencies have performed during the last day:
- Ripple (XRP) traded up 1.6% against the dollar and now trades at $0.96 or 0.00009256 BTC.
- NEO (NEO) traded 14.2% higher against the dollar and now trades at $135.91 or 0.01313320 BTC.
- Stellar (XLM) traded up 2.8% against the dollar and now trades at $0.37 or 0.00003545 BTC.
- IOTA (MIOTA) traded 3.7% higher against the dollar and now trades at $1.89 or 0.00018223 BTC.
- TRON (TRX) traded up 4.8% against the dollar and now trades at $0.0420 or 0.00000406 BTC.
- VeChain (VEN) traded 4.5% lower against the dollar and now trades at $5.62 or 0.00054328 BTC.
- Tether (USDT) traded down 0.4% against the dollar and now trades at $1.00 or 0.00009648 BTC.
- Binance Coin (BNB) traded 5.7% higher against the dollar and now trades at $9.86 or 0.00095268 BTC.
- Populous (PPT) traded 1.3% higher against the dollar and now trades at $21.93 or 0.00211960 BTC.
- RChain (RHOC) traded 9% higher against the dollar and now trades at $2.02 or 0.00019520 BTC.
bitCNY Token Profile
According to CryptoCompare, “bitCNY is a market pegged asset (MPA) issued on the Bitshares platform, these assets are known as bitassets or smartcoins. Smartcoins always have 100% or more of its value backed by BitShares (BTS), and can be redeemed for it at any time. Since the exchange rate of BTS to CNY can change, the blockchain protocol deals with increasing and decreasing supply accordingly. This allows users to trade and transfer stable priced tokens across the blockchain and to trade real world commodities like gold and silver in a decentralized manner. “
bitCNY Token Trading
bitCNY can be traded on these cryptocurrency exchanges: OpenLedger DEX, AEX, Coinbene and BitShares Asset Exchange. It is not possible to buy bitCNY directly using US dollars. Investors seeking to trade bitCNY must first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, Coinbase or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy bitCNY using one of the exchanges listed above.
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