Chinese digital asset exchange Bibox announced at 1400 Beijing Time (UTC +8) on 25th January that they have added another new currency on their trading platform. Two hours later they were offering open deposits and withdrawals on Bloom tokens (BLT), with a 50,000BLT give-away as a prize incentive.

Bibox completed their ICO in October 2017 with a total token issue of 500 million, although though not all of these were sold. The initial circulation quantity was 271,520,349 BIX, at a value of US$0.17. At press time, a supply of 105,253,066 BIX was circulating, valued at $1.29 each. The total market capitalisation for BIX stands at US$135,511,217, and the token price is up 7.37% on 24 hour volume.

The Bibox site opened for trading on November 24th, 2017, with trading pairs BIX/BTC and BIX/ETH. TNB was added two days later, EOS on December 2nd and various other currencies throughout December and January.

The Bibox core team claim ten years' experience in the industry, but in the light of China's moves to crack down on crypto, launching new currencies is seen by some as suspect. A January 13th Facebook post, for example, advised users to "Avoid this market in wiiiide circles..."