More than $500,000 in WAVES volume was traded within the first hour of listing.
Bitcoin.co.id, South East Asia’s largest digital asset exchange, has integrated WAVES and opened trading.
WAVES is now listed against IDR, the Indonesian Rupiah. The exchange has done brisk business in early trading, with the equivalent of over $300,000 in WAVES changing hands in the first 15 minutes. This increase in volumes and interest is likely behind the 5% bump in price against the USD that WAVES has enjoyed today, against the backdrop of a fall in the price of bitcoin.
Bitcoin.co.id opened in 2013 as an education project, seeking to build a community around bitcoin and cryptocurrencies. It later began to offer brokerage services before launching a full exchange in 2014. Within a year the site had attracted over 50,000 users and saw average daily trading volumes of 500 million IDR. Today, the site has consolidated its position as the largest crypto exchange in the region, with daily volumes of over $3 million — half of which is altcoin trading.
“Bitcoin.co.id is another great addition to the Waves ecosystem. Any new exchange offers additional liquidity to traders and, more importantly, brings new exposure for the platform,” comments Alexander Ivanov, CEO and founder of Waves. “Cryptocurrency is a global phenomenon and we want a vibrant global community, with businesses in every continent. Indonesia is a very strategic location for further adoption and we’re looking forward to seeing more applications and use cases being built in this region.”
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