Re-Listing Update: The $MTL market is open, and trading will begin shortly on @BittrexExchange. For more information about Metal (MTL) visit: https://t.co/AxegzgRw7p #Bittrex #MTL pic.twitter.com/BLpMehdgcX — Bittrex (@BittrexExchange) October 11, 2018
Bittrex published the announcement at around 21:00 UTC on Thursday, pushing MTL’s price from $0.60 to $0.68 within less than an hour after the release of the statement. The coin peaked at 23:09 UTC at $0.84, a level not seen in 30 days. Twelve hours later, the asset had sustained the positive momentum on a daily basis, changing hands at $0.68, which was a 15.34% increase in 24 hours.
The coin clocked $13.3 million in 24-hour trading volume as of 09:12 UTC on Friday. Upbit was the largest MTL market, with $6.9 million achieved by pairs with the Korean won and BTC. Binance Bitcoin and Ethereum markets accounted for $5.55 million of the volume.
With $652,390, Bittrex became Metal’s third-largest market for around 75 minutes after reopening the MTL-BTC trading pair, according to Coinmarketcap data.
Before the delisting in January, Bittrex also supported an Ethereum market for MTL. As it did with the removal, the exchange kept quiet on its reasons for the relisting of Metal or the choice of a Bitcoin-only market.
“As the regulatory landscape in the United States around cryptocurrency changes, we are seeing new policies emerge […] Bittrex informed us that our token will be delisted from their exchange. We also have a long-standing relationship with Bittrex and look forward to working with them to be relisted post-Pay launch in the spring of 2018,” Metal CEO Marshall Hayner explained at the time.
Metal currently ranks at number 189 on the market capitalization list with nearly $21 million in value.