Bitfinex has just added another coin to its ever growing list of coins that can be traded on their exchange. This time it is NEO, the Chinese Ethereum.
The NEOUSD, NEOBTC and NEOETH currency pairs are available. Margin trading for these pairs will be enabled gradually, at a later point in time, once the order book develops sufficient liquidity.
NEO’s impending demise has greatly exaggerated with the recent crackdown in ICO by the Chinese government in the last few days. FUD has been spreading like wildfire through the crypto-space that China is banning ICO completely with sell-off of all things related to China and causing the market to fall.
The Chinese government understands the future is in cryptos and blockchain technology and so only want to rein the current excesses and not stifle new innovation in this field.
I wrote about this in my post “China Wants to Ban ICOs!!” I was not the least concern as the Chinese government always spread FUD to cool thing down a notch. It is a tactic the Chinese government are employing very effectively.
In fact this has given me the opportunity to pick up some NEO coins on the cheap and I hope that you have also done the same.
I’m just letting off Steem, if you found this post informative then UPVOTE (with FULL POWER), COMMENT, FOLLOW and especially RESTEEM.
I wrote this article myself and it expresses my own opinions. Computer literacy is crucial in this day and age. Just because someone tells you it is good does not mean that it is good for you.
