We’re thrilled to announce that, starting today, you can trade Ravencoin (RVN) on SFOX.
Trading RVN on SFOX allows you to access all major venues for trading RVN from a single account and route your buy and sell orders intelligently to the venues with the best available trade execution, letting you trade faster at better price points than you’ll find anywhere else.
Sign up now to unlock deeper RVN liquidity and better RVN price execution than you could access anywhere else.
As of February 11th, Ravencoin is the #43 cryptocurrency by market cap, valued collectively at just under $190 million. RVN joins BTC, ETH, LTC, BCH, ETC, and BSV on the SFOX platform, making it the latest cryptocurrency available at the premier crypto prime dealership with unparalleled liquidity and institution-grade crypto asset management tools.
Why Ravencoin?
RVN is the native currency of the Ravencoin blockchain, which has the goal of making digital asset management and issuance simple and scalable. Forked from Bitcoin’s codebase and launched on January 3rd, 2018, this blockchain allows users to define, hold, trade, and issue their own assets with whatever properties they want:
- Assets can be fungible or non-fungible
- Assets can be scarce or unlimited
- Assets can be unregulated or programmed to abide by applicable regulations (e.g., U.S. securities laws)
RVN functions a little like gas does on Ethereum for ERC-20 tokens: users burn RVN for asset creation (between 500 RVN and 3000 RVN, depending on the asset type), and they pay fees in RVN for asset transfer. RVN can also be used as a simple method of value transfer, like cash or bitcoin.
As a project, Ravencoin is also known for prioritizing decentralization: it claims no central leadership, it doesn’t presently have any kind of supporting foundation, and its mining algorithm, X16R, is designed to be ASIC-resistant in order to allow anyone to reliably mine RVN.
As the Ravencoin ecosystem grows and more assets are created and issued on the blockchain, the need for reliably deep RVN liquidity will only increase. That’s why SFOX is pleased to be able to connect all major RVN trading venues for traders, institutions, and service providers through one single-login account system.
How to Buy and Sell Ravencoin on SFOX
To start trading RVN now, just log into your SFOX account and select the “RVN/BTC” pair from the SFOX integrated order book. You’ll instantly have access to all open RVN/BTC orders on all major RVN trading venues — all on a single order book.
Once you’ve selected the RVN/BTC pair, just select what order type you want to use to intelligently route your RVN/BTC order to the trading venue(s) with the best available execution. You can choose basic market or limit order types — or you can unleash one of SFOX’s 8 advanced order types to further optimize your trade for price or speed.
The above references an opinion and is for informational purposes only. It is not intended as and does not constitute investment advice, and is not an offer to buy or sell or a solicitation of an offer to buy or sell any cryptocurrency, security, product, service or investment. Seek a duly licensed professional for investment advice. The information provided here or in any communication containing a link to this site is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject SFOX, Inc. or its affiliates to any registration requirement within such jurisdiction or country. Neither the information, nor any opinion contained in this site constitutes a solicitation or offer by SFOX, Inc. or its affiliates to buy or sell any cryptocurrencies, securities, futures, options or other financial instruments or provide any investment advice or service.
