On the 12th of March 2018, Koinex, India’s leading crypto trading platform which currently supports multiple real-time tokens made an announcement on Twitter that it plans to list NEO. Currently, Koinex only supports 12 cryptocurrencies on its exchange and this announcement makes NEO the 13th coin to be supported by the exchange.
Koinex, which is one of India’s largest exchanges will list NEO and GAS according to an announcement made and this will be effective from the 13th of March 2018. NEO is the first Chinese open-source blockchain technology which was launched in 2014. On the same day, approximately 100 million coins were issued.
Recently, NEO has drawn a significant amount of attention, and markets are looking at how existing partners such as Microsoft will foster NEO’s blockchain technology into the corporate landscape as investors are hopeful it will be embraced by the corporate world.
In the past, when new coins such as TRON (TRX) were listed on Koinex, Indian crypto investors rushed to buy its tokens and this brought about a price rise. It is also expected that this will have a similar effect on NEO but also, it is expected that this listing will see the coin gain more adoption in India as traders there can currently only asses the coin via Bianance.
After Koinex launched on the 25th August, it took the market by storm as it immediately introduced KYC (Know your customer). Additionally, they were the first to introduce instant deposit and withdrawals.
However, it is left to see what impact this new listing will have on the price and adoption of the coin in India.
With Koinex listing NEO, do you think we can expect to see any significant changes in the market?
Share your thoughts in the comment section below.