Cryptocurrencies are virtual currencies that trade on exchange platforms

Cryptocurrencies are virtual currencies that trade on exchange platforms

Cryptocurrencies are virtual currencies that trade on exchange platforms such as Bitfinex in which people can buy the coins, sell the coins or exchange them with other coins in the platform. The Bitfinex exchange platform allows users to trade in various currencies listed on the website at a small exchange fee. Users can access the platform through searching it on the website or downloading the application and beginning trading. The platform allows the different pairing of the coins to enable users to select a suitable couple and trade with it.

Pairs are either major or minor, the air between Wollo and the USD is a small pair since users dont trade them commonly. Wollo is the base currency, while the USD is the next currency, and Bitfinex lists them for trading.  Wollo is a unique token centered around driving mass adoption of cryptocurrencies and financial education. Bitfines first registered Wollo on its platform on 19th November 2018 and paired it with the USD and other currencies in the exchange.

The exchange rates on this platform are one WLO equates to 00223 USD, indicating the highest exchange rate on this platform for the pair. Since its inclusion in the site, the lowest exchange rate between the pair is one WLO at 001650 USD. This flat rate means that the exchange rate percentage change is approximately 17 percent and depends on the market factors that affect the price of the two items. Since it’s inclusion, trading volume worth 16594 dollars worth of Wollo takes place on the site.

Traders focusing on educational softwares and family finance tools are the primary users of this currency. This currency is popular among educational enthusiasts in the platform, and they are few hence making the pair less prevalent on the site. Children learn to earn and save through the use of the WLO currency and can be spent in the real world using Pigzbe debit cards.