BitMart Exchange Lists Apollo Currency

Cryptocurrency exchange BitMart is listing Apollo currency (APL) with Bitcoin (BTC) and Ethereum (ETH) trading pairs beginning on Wednesday, Dec. 12. The dates for different functions are listed below:

· Deposit: Dec. 12 at 5:00 pm EST

· Trading: Dec. 13 at 5:00 pm EST

· Withdrawal: Dec. 14 at 5:00 pm EST

BitMart launched in 2017 and is headquartered in the Cayman Islands. The exchange has offices in the United States, China and South Korea, and has more than 500,000 customers in nearly 180 countries.

“We have been strictly enforcing our listing criteria to make sure that the projects we introduce to all BitMart users are secure, compliant, and innovative. We are persuaded that APL meets these criteria of BitMart,” the firm announced on Monday. “Our compliance team prudently reviewed all the materials we were provided on a case-by-case basis and reported that APL is structured and promoted as ‘Utility Token’, and therefore, should be not categorized as ‘Security’. We finally decided that listing APL is in compliance with local rules and regulations in areas where we operate.”

BitMart’s 24-hour trading volume as of early Tuesday was $182 million (USD) from 144 trading pairs.

This month Apollo Foundation released Hermes 1.0 update (Step Two) which incorporates two-second block speed. This makes Apollo’s (APL) two-second settlements faster than Ripple (XRP) whose settlement time is four seconds.

Moreover, the team recently launched its latest breakthrough: Adaptive Forging. It is groundbreaking innovation that removes wasteful, non-stop block creation. With Adaptive Forging blocks are created and forged only when a transaction takes place. It greatly simplifies the blockchain and enables fast actions as well as eliminates bloat issues.

For updates, follow Apollo on Twitter.