Ethereum Trade Data Now Available on TradeBlock Markets

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You can now view real-time Ethereum trading data from Kraken and Poloniex on TradeBlock Markets, including the full suite of charting and technical analysis tools.

Pol-Krk 2

Ethereum trading is available in various currency crosses, with the majority of liquidity tending towards the ETH/XBT pair. The screenshot below highlights ETH price performance relative to XBT since the initial launch of active trading on the Kraken exchange.

ETH Chart3

Trading in Ethereum markets went live on Aug 7, at an initial price of approximately 0.01 XBT (equivalent to ~$2.8). The price increased to 0.012 XBT (equivalent to ~$3.1) within a couple of hours and settled back in the 0.01 XBT range until the following day. Since Aug 8, prices have declined 80% to settle within a range of 0.002-0.003 XBT. The current price of 1 ETH is approximately 0.0025 XBT, equivalent to $0.65 in USD.

Ethereum Overview

Ethereum is a crowdfunded project that positions itself as a “decentralized platform that runs smart contracts,” as described on its website. Similar to Bitcoin, Ethereum is based on a decentralized blockchain; the key difference being Ethereum’s blockchain is considered to be turing complete, thereby allowing users to write their own applications with their own rules and transaction formats.

Ether (ETH) is the token native to the Ethereum blockchain that can be used to pay transaction fees to build or purchase decentralized application services on the Ethereum platform. Parties who validate transactions are rewarded in Ether for resources contributed.

View now on TradeBlock Markets.

 

 

 

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