Poloniex Launches NEO Trading On Its Crypto Exchange

The Tezos news in March showed that Poloniex listed XTZ on its markets, and now we are seeing new updates with yet another altcoin – NEO. As Poloniex launched NEO trading on its exchange, the price of the altcoin stabilized.

Meanwhile, we are also seeing improved trading experience for the altcoin on the European-based Anycoin Direct exchange, which provided updates to its platform regarding the user experience. Additionally, the Cryptwerk merchant tracker has added NEO as a payment option on its platform.

All of these are good news for the altcoin. However, the biggest of all is the update showing that from May 1st, Poloniex launches NEO trading and will list the altcoin in the BTC, USDT and TRX markets.

Our $NEO Trading Competition has started!
Trade $NEO on #Poloniex from now until 20:59 UTC on May 6th for your chance to win from a prize pool of 590 $NEO 🏅

Start trading: https://t.co/dyJiJrzUop pic.twitter.com/HiHxOZWuNk

— Poloniex Exchange (@Poloniex) May 1, 2020

To celebrate the listing of the altcoin in the NEO news, Poloniex has also hosted a trading competition which will run through tomorrow (08:59 pm UTC on May 6). In order to become eligible, Poloniex users are required to trade a minimum of 100 NEO, which is defined as the sum of a user’s total buys and sells on the platform.

Moreover, winning participants will share from a prize pool of 590 NEO. In that manner, the user with the highest trading volume will receive 130 NEO. Poloniex stated that the rewards will be distributed to the participants within two weeks of the conclusion of the event.

But this is not everything in the news for this altcoin.

Aside from the fact that Poloniex launches NEO trading, we also saw Anycoin Direct (a Dutch-based fiat-to-crypto exchange platform) recently updating its website and providing a more straightforward process for accessing NEO and GAS. The changes also include a new step-by-step ordering process, detailed information on the altcoins, as well as an in-browser interactive customer support assistant.

Anycoin Direct now claims to offer services to more than 400,000 customers in the European Union (EU). The platform can also provide crypto purchases via iDEAL, EPS, credit card and other payment methods.

On Cryptwerk, the most popular merchant categories which accept NEO are shops and markets (33.95%), followed by Internet services (24.74%), crypto-based services (16.36%) as well as business-to-business services (10.43%), plus more categories.

Currently, the price of NEO on the markets is $9.13 with a 3% rise on the day. The altcoin ranks on the 23rd position of the total market cap and is preparing to go for the $10 price target.