“Told you to buy REQ tokens”, my phone buzzed as I stepped into my hotel and connected to the Wifi. REQ had just reached to INR 35 on Koinex. Damn, the international price was $0.26 which is roughly INR 19.
A little premium is not surprising in India, but this was huge. Then I saw the tweet from Koinex.
1 million $REQ tokens traded in less than 15 minutes! On the way to become the largest @RequestNetwork trading #cryptocurrency exchange in the world. Thank you people! #blockchain #bitcoin #ethereum #litecoin #ripple #bitcoincash #omisego #request #letstradecrypto
— Koinex (@koinexindia) February 22, 2018
Then there was another tweet soon enough from Koinex.
4.5 million $REQ tokens traded in less than 1 hour and $REQ price jumped 40% globally within 1 hour! #powerofindians #blockchain #bitcoin #ethereum #litecoin #ripple #bitcoincash #omisego #request #letstradecrypto @binance_2017 @cz_binance
— Koinex (@koinexindia) February 22, 2018
And the price on Binance was up to $0.32
Did Koinex just influence the International market?
To answer that question, we needed a bit of research.
Koinex managed to turn up a trade volume of $1.4 M in just 1 hour, which is already higher than Huobi, which was holding #2 spot (in USD volumes) in 24 hours.
At this rate it won’t be a surprise if Koinex surpasses the volumes of Binance in 24 hours. It will be a proud moment for India.
To summarise REQ volumes on Koinex in 1 hour were higher than the 24 hour volumes on Huobi and the price went up by almost 15%. We Indians are now a influence to the world market.
Did you Buy or Sell REQ tokens? Let us know in the comments below
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