Ovato Expands to Toobit Exchange as Part of Broader Market Strategy
Ovato, the digital currency operated by Bitovation Corp., has announced its listing on Toobit exchange. This move is part of Ovato's broader strategy to expand across multiple exchanges in North America and Europe over the next year. Currently listed on three platforms, including P2PB2B and Coinstore, Ovato plans to reach 12 exchanges within a year. Toobit emphasizes security with its Bee-Safe system and stores more than 95% of user assets offline in cold wallets requiring multisignature approval for access. The exchange also maintains a Proof of Reserves valued at over $80 million and a Shield Fund exceeding $45 million to protect users. Ovato functions as both a store of value and a rewards platform, enabling local merchants to engage customers through daily deals and incentives in the form of Ovato tokens. The currency is designed for use within its blockchain ecosystem.