Huobi recently announced support for Verge(XVG), a privacy focused cryptocurrency,as a result it has leaped more than 5% on a daily basis in a relatively red crypto market. Verge, earlier known as the Dogecoindark project, was found in 2014. It uses a combination of Tor, Wraith Protocol and I2P to hide the IP address of the users and thus guarantees anonymity.
Huobi will launch Verge on Wednesday at 07:00 UTC in trading pairs with Ethereum and Bitcoin. “XVG/BTC and XVG/ETH trading will be available at New Zone from 15:00, August 1, 2018 (GMT+8). Withdrawals will be available from 14:30, August 3, 2018 (GMT+8),” Huobi said.
XVG cracked the deal at $0.025 for one coin, approximately 5.27% higher on a daily basis. Verge has more than $31 million trading volume for the last 24 hour, which majorly came from exchanges that supports pairs with BTC and ETH. Verge currently ranks 35th by market capitalization with $389 million value.
“Wraith Protocol is a technology upgrade package that enables our users to be able to send and receive payments privately across our blockchain by enabling stealth addressing services. Additionally, this update removes our QT wallet users of clearnet and migrates everyone to SSL enabled Tor,” Verge explains on its website.XVG can be mined with a total of 15 billion in supply, out of 16.5 billion. The coin has experienced two hack which includes a 51% attack.