Due to various blockchain projects coming up on daily bases, more cryptocurrencies are being introduced into the cryptocurrency market. Over time, these coins/tokens are listed on exchanges where they can be easily traded for fiat or bought and held as an investment.
BitFinex is a cryptocurrency exchange trading and storage platform owned by iFinex inc. The exchange has been in operation since 2012 and is one of the largest cryptocurrency exchange platform.
Recently, BitFinex announced they were listing a selection of high-quality Ethereum based tokens. These tokens include:
- Aion (AION)
- IOSToken (IOST)
- Request Network (REQ)
- Raiden Network (RDN)
- Loopring (LRC)
- BnkToTheFuture Token (BFT)
- Cofound.it (CFI)
- WAX (WAX)
- SingularityNET (AGI)
- MedicalChain (MTN)
- ODEM (ODEM)
- DAI (DAI)
The press release on the BitFinex exchange platform reads:
“The newly introduced token listings have a combined market capitalization of USD 1.1B+ and represent a significant addition to Bitfinex, offering our traders greater exposure to a broader range of innovative digital assets.
From decentralized exchange protocols and payment solutions to scaling and blockchain 3.0, we are pleased to provide a platform of support and growth for these teams and their respective communities.”
BitFinex has a 24hrs trading volume of over half a billion dollars, the exchange is, therefore, a leading provider of various advanced trading and charting tools, peer-to-peer financing, Over The Counter (OTC) and margin trading on some digital assets.
Deposits and withdrawals on the listed tokens have been enabled since the 7th of April, 2018 at 16:00 UTC. The tokens are also tradable against BTC, ETH, and USD.
The Chief Executive Officer (CEO) of Bitfinex, Jean-Louis van der Velde said in a separate statement:
“The introduction of such a large selection of tokens, representing a diverse array of blockchain-based projects, marks an exciting development for Bitfinex. We are proud to introduce these tokens as we believe that each serves to strengthen and enliven a unique aspect of the global blockchain ecosystem, and will offer new and exciting trading options for our users.”
“We are excited to be going the extra distance to accommodate the needs and expectations of our traders. Looking forward, we will continue to expand our service offerings to best address their needs, and to maintain an advanced and supportive trading platform for the growing digital asset community.”
The newly introduced tokens have a combined market capitalization of $1.1 billion and represent a significant addition to the BitFinex exchange, giving traders more exposure to a wider range of digital asset trading.