MultiversX (EGLD) Gets Exposure to 1M Users With Bit2Me Listing

Popular blockchain project MultiversX (formerly known as Elrond) has secured a notable listing for its native token, EGLD. This week, MultiversX revealed that EGLD will be listed on Bit2Me, one of the largest cryptocurrency exchanges in Latin America.

Following the listing, users can trade EGLD on the Bit2Me Wallet and Bit2Me Pro platforms. Additionally, a new eight-day promotion exclusive to EGLD means users can receive up to €10 in fee refunds for buying the cryptocurrency on Bit2Me.

$EGLD is officially on @Bit2Me Wallet & PRO!#MultiversX has been added to LATAM’s biggest crypto exchange & first to be licensed by the Central Bank of Spain 🇪🇸.

Off to a great start with a special returning fees campaign.https://t.co/y1kywhv5ZD

— MultiversX | Sovereign Chains (@MultiversX) June 25, 2024

MultiversX Penetrates New Market With Bit2Me Listing

The Bit2Me listing of EGLD by MultiversX is a unique development for the project. While EGLD is already tradable on popular exchanges like Binance and Coinbase, the addition of Bit2Me unlocks a new market. Bit2Me has over one million registered users and primarily serves Latin America, Europe, and South America. These users can now trade EGLD using the US Dollar (USD), Euro (EUR), or Brazilian Reals (BRL)

Additionally, Bit2Me has been in operation since 2014 and is the first exchange to obtain a crypto exchange license from the Bank of Spain. This long-standing reputation and opportunity to gain exposure to new audiences makes the MultiversX (EGLD) listing one that could be crucial for the project in the long run.

Meanwhile, according to CoinStats, EGLD is currently the 94th-ranked cryptocurrency by market capitalization. The coin boasts a $781 billion market value, having slipped under the $1 billion mark following the recent market decline. At its peak in 2021, EGLD hit a market cap of $9.71 billion before rebranding to MultiversX in late 2022 to pursue fresh initiatives in the metaverse realm.