The new listing is expected to breathe fresh air into the trading of the token. In fact, the past few months have been a tough one for the community as QBIT price dropped from $70 to $35 because of the downtime of one of the exchanges it was on.
The exchange challenges negatively impacted on QBIT’s CoinMarketCap rankings immensely. It went down from top 100 to the 2000 zone with the ranking platform indicating that the token is not “Eligible for normal ranking.”
However, according to Daniel Takriti, Spokesperson for QBIT Community, CMC later wrote to them apologizing for the downgrade, and that it came about because of misapplication of their new ranking criteria. They are therefore expected to fix it so that the token would get its deserved rank.
At the time of going to press at 16:00 GMT+4, QBIT’s position, on CMC was 212. It is still not the standard ranking looking at its market cap.
|Qubitica Price||$39.62 USD|
|Market Cap||$82,623,676 USD|
QT interaction with some community members revealed the new listing is a piece of climactic news. They seem to bank their hopes on it to see better rankings in the coming months apart from the CMC’s promised rectification.
“The QBIT community is thrilled to see our native token on the WhiteBit exchange, and we expect things to improve. For us, it’s a sign of good things in the pipeline for the community,” Takriti told QT.
Sam Tunyizere, a community member, further said at least they can now breathe a sigh of relief. “I would urge the team to get us on more exchanges,” Tunyizere suggested. We are not expecting big Crypto exchanges where we have to pay so much, but there are several medium exchanges with reasonable listing rate.”
WhiteBit is a Crypto-to-Crypto as well as Crypto-to-Fiat Exchange platform. It has Crypto Custody services, which are covered by EU licenses.
Based in Tallinn, Estonia, the principal distinctive feature of Whitebit is support for processing speed of up to 10,000 trades every second and 1,000,000 TCP connections. Moreover, More than 95% of all currencies are stored in cold wallets, and it has over 70 pairs.
Launched in January 2019, it has multi-language support with over $19,000,000 24-hour volume. WhiteBit portrays itself as a centralized and regulated exchange, that strives to offer an intuitive user interface with a suite of analytical tools.