The exchange LATOKEN has recently listed BSV blockchain. It trades against the pairings of Tether (USDT) and Bitcoin Core (BTC). With a daily turnover of more than 350 million USD it currently ranks as one of the Top 50 exchanges worldwide.
LATOKEN operates globally with the exception of the USA, Afghanistan, Bosnia and Herzegovina and Democratic People’s Republic of Korea (DPRK). Therefore, it provides access to BSV to many markets that did not have access through an exchange before. The exchange is available in fifteen different languages and generally allows their users to buy digital assets with more than 30 fiat currencies.
LATOKEN’s relevance also reflects in other metrics. According to Block Telegraph, the exchange sees two million active traders per day. The LATOKEN app was downloaded more than 1 million times in Google Play and across all their social platforms LATOKEN has more than 1.5 million followers.
The listing comes at a time at which BSV blockchain has reached a level of scalability that makes it ready for global adoption. The launch of LiteClient allows service providers and developers to easily interface with the blockchain and to only use the blockchain to send and receive payments, for example, without the hassle of running a node.
The scalability of BSV is proven every day, as the BSV blockchain usually handles a vast majority of all transactions among the top 10 blockchains in that metric. This way BSV blockchain can already handle more than 20 million transitions per day as well as a transaction throughput of about 10 – 20,000 transactions per second. In the future much higher numbers will be possible on BSV blockchain, while transaction fees remain reliably low.
The value proposition of BSV blockchain as a form of digital cash stems not only from these properties alone, but also from the rapidly growing ecosystem of services and businesses that are built on BSV blockchain. As an ‘enterprise-grade ready blockchain’ (IBM) further market access to BSV will ensure that the ecosystem continues to grow substantially all around the world.
