Binance US lists Orchid digital asset OXTSep 25, 2020
OXT, the Orchid digital asset, is now available on Binance.US, the United States arm of the world's largest crypto exchange by trading volume. Binance, which lists the leading assets in the crypto space, handles over $7 billion in trades per day. The US listing by the world's top crypto exchange will make it easier for Americans to get OXT and start exploring the Internet in privacy. The listing makes Orchid available to the millions of people in the US who use Binance to trade their digital assets.
Dr. Steven Waterhouse, Orchid's Co-Founder and CEO said: "The decision to add OXT to Binance.US demonstrates the importance of online privacy for millions of Americans. The listing is further proof of the strength of Orchid's decentralized VPN marketplace and its benefits for people using the Internet everywhere."
Orchid's unique VPN marketplace uses a robust system of incentives to match supply with demand and ensure ample bandwidth is available. Accounts are funded with OXT, which is then used to purchase VPN service on a pay-as-you-go basis. But while Orchid's digital currency is key to the functioning of the marketplace, individual users can start using Orchid in seconds using nothing more than an ordinary credit card. This innovation effectively masks the blockchain, giving users the benefits of decentralization while providing a seamless user experience.
Binance has demonstrated record-breaking growth since its founding in 2017. Its listing of OXT, both in the US and globally, further builds on Orchid's strong momentum.
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