Japanese crypto trading platform Coincheck, a subsidiary of the financial services company Monex Group, has just announced it plans to add QTUM to the list of cryptos it offers users for trading.
According to the official announcement, the exchange, which currently offers 11 cryptocurrencies, plans to add QTUM in the near future.
Once the altcoin is added to the platform, users will be able to send it, receive it, buy it and sell it.
However, this altcoin can also be used in Coincheck's lending service. This way, users will be able to lend their QTUM tokens to the exchange under the conditions of a lending contract. At the expiration date of this contract, the exchange will return tokens to users as well as interest that could reach around 5%.
QTUM (pronounced “quantum”) is a Singapore-based blockchain technology that bridges Ethereum’s smart contracts on top of Bitcoin’s stable blockchain while using proof of stake for verification.
Coincheck hit headlines back in January 2018 after losing $534M as a result of a hacker attack.