What’s the big deal with trading cryptocurrency and cryptoassets on Reddit?
dlt Trading, a crypto-trading platform, has opened up trading of cryptocurrencies on Reddit and other online platforms.
dlt CEO John Stokes said the platform has partnered with the following digital currency exchanges to allow users to trade their cryptocurrency on Reddit.
“The crypto market is massive and there are a lot of exchanges out there, but I think a lot more people would be interested in trading cryptocurrency on reddit than they are now,” Stokes told CoinDesk.
“That’s because the price has been so low that people are now using it to buy stuff and sell stuff.”
Dlt is currently a partner with Coinbase and the likes of Poloniex.
It plans to expand its services to other platforms in the future.
Dlt’s platform allows users to deposit and withdraw their cryptocurrency and then trade it between exchanges, which have built in tools to help users buy and sell crypto.
Delt’s service is currently available on a handful of platforms, but the platform currently only supports trading bitcoin and ether.
The company plans to offer more options in the near future.
The cryptocurrency market has been incredibly volatile since the launch of bitcoin, which spiked to $1,000 in July and has since declined.
Stokes noted that the recent dip has been due to people looking to buy and hold bitcoin at an incredibly low price.
“People have had a hard time getting in on the crypto market, and the big reason why is because of the volatility,” he said.
“It’s a good time to be an investor.”
While the cryptocurrency market remains volatile, it has been trending downwards since its peak in late 2014.
According to data from CoinMarketCap, the value of a bitcoin has dropped by more than $1.5 billion since its initial introduction in late 2013.
In its latest earnings report, the cryptocurrency exchange Bitfinex revealed that its average trading volume in the second quarter of 2017 was $2.8 million.
Bitcoin’s trading volume has been declining steadily since its September 2016 price peak.
On the other hand, the market value of ether, which is used for cryptocurrencies such as Ethereum Classic, has been growing.
Ether has been gaining steam since its launch in 2017.
In addition to cryptocurrency trading, the platform also allows users the option to buy/sell gold, silver, and platinum coins.
In a statement, dlt said it will allow users who do not want to invest in cryptocurrencies to trade gold coins instead.
Users can also trade gold and silver by purchasing them from their favorite crypto exchange, which can then be exchanged for a variety of cryptocurrencies, such as bitcoin.
As for trading gold, dgt said the company is currently testing the gold trading functionality in the app and plans to launch the feature soon.
As a result of these two factors, dkt has seen its trading volume climb in recent weeks.
The company is also working on ways to help its users trade other cryptocurrencies, including Ethereum Classic.
“We’ve got some really cool cryptoassets in the works that we are really excited about,” Stoke said.DLT has been a popular competitor to Coinbase, which launched a cryptocurrency exchange called Kraken earlier this year.
However, the company has struggled to compete with the other exchanges, with its market cap in 2017 falling from $11.3 million to $2 million.
Coinbase also recently launched its own cryptocurrency exchange, Gemini, in late 2018.
The two exchange have faced competition from other exchanges in the crypto-marketspace, such with Bitfinext and Poloniester.
The two exchanges were also recently hit by a hack, and both suffered massive losses.
The incident is being investigated by the SEC, but no one has been charged with any wrongdoing.
The rise of cryptocurrencies and other cryptoassets has sparked a number of speculation that cryptocurrency markets will overtake the U.S. dollar as the primary store of value in the economy.
The market’s growth, however, has not been consistent and could be negatively affected by any price movements.