Crypto Exchange Covesting Adds Support For DigiByte Token

Announcements, News | March 5, 2019 By:

European cryptocurrency exchange Covesting has added trading support for DigiByte token on its platform.

Launched by former Saxo Bank traders, Covesting allows everyday investors to search and compare the performance of hundreds of proven crypto traders and mirror their trades automatically. At the same time, the platform helps investing talents bring their results in front of the public and compete with other traders in the equally-fair environment. The firm is one of the first companies in the world to receive a Distributed Ledger Technology License (DLT) from the Gibraltar Financial Services Commission (GFSC).

In its announcement, Covesting said that the DigiByte token, the native coin of the DigiByte blockchain that focuses on cybersecurity for digital payments and decentralized applications (Dapps), has become the first ever listing under the supervision of the GFSC. According to the exchange, the DigiByte token has been listed after spending a long-time developing an algorithm for token assessment and listing procedures.

“DGB/BTC and DGB/ETH pairs are now available for trading on Covesting,” Covesting said. “Fiat pairs will be introduced at a later date.”

In January of this year, Covesting launched its fiat gateway and cryptocurrency converter, which are aimed at bringing more investors in traditional markets to the crypto space.