DeFiChain, the leading blockchain on the Bitcoin network, has announced listing its native token, DFI, on top crypto exchange Huobi Global.
Users of the exchange can trade the token against USDT from 6:00 Pm (UTC) on 5 July 2022. While investors and traders can transfer their DFI from Huobi Global to their wallets or anywhere else starting from this time, withdrawals are not yet available until 07:00 (UTC) on July 26th.
DeFiChain is a blockchain based on the Bitcoin network dedicated to making decentralized financial applications and services available to everyone. The decentralized Proof-of-Stake blockchain enables fast, intelligent, and transparent decentralized financial services. It also offers liquidity mining, staking, decentralized assets, and decentralized loans to bring DeFi to Bitcoin.
Huobi is one of the top global crypto exchanges in the world, and the listing of DFI will likely expand the global user base of the token.
“Getting listed on Huobi is another big step for DeFiChain. We are happy that more and more big exchanges list DFI. Due to the variety of real world assets available on DeFiChain, more and more top-tier exchanges are looking forward to listing DFI. With every additional listing, it becomes easier for the masses to enter the world of native decentralized finance on DeFiChain,” The Marketing Director at DeFiChain Accelerator, Benjamin Rauch said concerning the listing.
Huobi Global is one of the few exchanges that have secured a Dubai Virtual Assets Services License, which makes it even more likely to foster the growth of DFI. The token is already traded on other exchanges Kucoin, Bybit (ERC-20 format), Bittrex, Bitrue, Hotbit, and Bitpanda.
Among other things, DFI provides liquidity in multiple pools, staking for blockchain consensus and security, as collateral to mint or borrow stock tokens and the dUSD stablecoin, and as a reward token. All DEX rewards are paid out in DFI, which also serves as the governance token of DeFiChain.