One of the largest crypto exchanges, Bitfinex, which has always been distinguished by a conservative approach to the introduction of new cryptocurrencies, announced the listing of 12 new little-known tokens
12 friends of Bitfinex
The platform has launched trading in a diverse set of tokens that represent a major addition to the trading platform, offering traders greater coverage and range of trading and investment opportunities.
Trading will be available for the following tokens:
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)
Deposits and withdrawals are allowed for all pairs and the tokens will be traded in pairs with BTC, ETH and USD. Peer-to-peer funding markets and margin trading are planned to be provided gradually as liquidity accumulates. The total capitalization of the proposed assets exceeds $1.1 billion.
Trading of the listed assets will be available on the partner platform Ethfinex. Bitfinex is opening up opportunities for trading ERC20-compatible tokens and participating in Ethereum-based crowdsales.
Increasing competition
With Coinbase announcing ERC20 support and Binance announcing upcoming fiat-to-crypto features, there's a sense of race in the space. The emergence of new exchanges on the market, such as KuCoin and Binance, which are distinguished by the prompt placement of various altcoins, growing competition is pushing Bitfinex to reconsider its conservative policy of introducing new cryptocurrencies. Now Bitfinex is looking to expand not only its list of tokens, but also its business in Hong Kong and Switzerland. Bitfinex also considers the advantages of decentralization, which is achieved using the EOS.io protocol.
Listing races
Note that inclusion in the listing of the largest crypto exchanges is rarely free.
Recent reports of attempts to pay for a place on the lists for XRP by Ripple are proof of this. However, there have been no comments on this topic yet.
Bitfinex explains its choice by the uniqueness of each token for the global blockchain ecosystem.
Separately, Bitfinex highlights Dai, a digital, decentralized coin created on Ethereum. It is expected that Dai will be traded with BTC, ETH and USD, with the prospect of adding additional DAI pairs..
Many of the twelve tokens are little known on the crypto market. For example, BnkToTheFuture has only recently entered the market and ranks 1327th in terms of market capitalization.
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