Circle’s Crypto Exchange Poloniex Lists QTUM

On Thursday (6 September 2018), Goldman-backed FinTech startup Circle announced that its Poloniex crypto exchange had added support for QTUM.

On 19 June 2018, Circle had published a blog post that explained how it planned to add new cryptoassets, and mentioned the "Circle Asset Framework", which it said was the tool it used for evaluating/prioritizing new cryptoasset listings across its various products. Now, it seems that Circle has decided that QTUM meets all of its requirements for a new listing.

Poloniex has this to say about QTUM:

"The Qtum (pronounced Quantum) blockchain is a public smart contract platform that combines aspects of both Bitcoin and Ethereum. The Qtum team chose Bitcoin (and its UTXO model of record-keeping) as the base of the protocol because of Bitcoin’s proven track record of security and stability. On top of this base, Qtum integrates the Ethereum Virtual Machine (EVM) (and potentially other VMs in the future) in order to support a diverse decentralized application ecosystem. QTUM is the native token of the Qtum blockchain, and acts as both gas for Qtum smart contracts and as a reward for securing the network through staking."

This is what Abra wrote, in its "Ultimate Guide to Altcoins" document), on 21 July 2018, about QTUM:

"Qtum features a strong team lead by Patrick Dai, who was recently acknowledged as one of China’s '30 under 30' to watch, with other team members coming from prestigious and well-known Chinese tech companies such as Alibaba, Baidu, and Tencent. Beyond their ICO capital, they are backed by more traditional capital from established angel and private investors in China."

"A rarity in the blockchain world, Qtum is also backward compatible with Ethereum contracts as well as Bitcoin gateways and will remain backward compatible even after updates. This allows for easy platform adoption and a “plug and play” methodology that leans upon what other technologies in the space have done well."

"Qtum is making a big push to create technology that is nimble and flexible enough to enable smart contracts on mobile devices and also plans to expand into IoT (internet of things) devices. Based in Singapore, Qtum is positioning itself to go address the Asian markets and even more specifically, the Chinese market."

Currently, QTUM deposits and withdrawals are live, but for trading QTUM/USDT, QTUM/BTC, and QTUM/ETH pairs , you will have to wait until 7 September 2018 (16:00 UTC).

At press time, according to CryptoCompare, QTUM is trading around $3.90, down 3.94% in the past 24-hour period (the times shown in the chart below are UTC + 01:00):

QTUM chart for Sep 6.png

As covered by CryptoGlobe, on 31 August 2018, Poloniex announced several new USDT trading pairs for 0x (ZRX), Lisk (LSK), Dogecoin (DOGE), Golem (GNT), and Siacoin (SIA).

Featured Image Credit: Interface Image Courtesy of Poloniex