An exchange is starting to show interest in cryptocurrencies, as well as the blockchain technology that powers them.
A group called CoinTelegraphs launched a cryptocurrency trading service on Thursday that uses bitcoin and ethereum to trade.
The platform offers trading in bitcoin and ether, which are tokens that exist on the bitcoin blockchain.
CoinTelegram says the service is a way for users to get in on the ground floor of the cryptocurrency movement.
The service is similar to what many other exchanges are using to trade and offer their products.
CoinTech offers a $2,000 initial investment for the service, but the company said it plans to expand to offer more popular cryptocurrencies.
A few exchanges, such as Coinbase and Kraken, already offer cryptocurrency trading.
CoinTelegraph’s founder, David C. Lewis, said in a statement that he hopes the service will be a great addition to the cryptocurrency community and he hopes to eventually launch a similar service for other currencies.
He said the team plans to launch the service on June 1.
“We are excited to be bringing this new trading platform to the community as an alternative to the traditional exchanges,” Lewis wrote.
“It will enable users to diversify their portfolio while also giving them access to a wide variety of digital currencies to purchase.”
CoinTelegram currently offers more than a million shares of ethereum, which can be purchased with bitcoin, and several other cryptocurrencies.
The exchange says the trading platform is the first of its kind in the cryptocurrency space.
CoinTransport, a rival cryptocurrency exchange, recently launched a similar platform.
CoinTrader4, another competitor, also offers trading options in the crypto space.
Bitcoin is a decentralized digital currency that has surged more than 1,500% in value over the past year, and it’s often used to buy goods and services.
Bitcoins are widely used for online purchases and trades.