Bitfinex, a leading provider of cryptocurrency exchange services for digital traders, has announced the addition of two new tokens and a Bitcoin fork, Bitcoin Interest, to its listing.
Listed tokens XLM, XVG have a combined market capitalization of over $9 billion, and both tokens are currently ranked among the top 30 cryptocurrencies. Stellar (XLM) and Verge (XVG) are available for trading on Bitfinex in pairs with BTC, ETH and USD starting May 1st. BCI trading will begin in the coming weeks.
Stellar is a Silicon Valley-based non-profit organization that maintains a free and open source network. The Stellar network allows money to move directly between people, companies and financial institutions as easily as email. This interconnection means greater access for individuals, lower costs for banks, and increased revenue for businesses.
Verge (XVG) is a decentralized blockchain platform and token built with privacy in mind. More importantly, it is a currency built to support mass use as it scales across the world. Verge enables direct, low-cost transactions - quickly, efficiently and privately, giving businesses and individuals the ability to send and receive payments instantly.
Bitcoin Interest (BCI), a hard fork of Bitcoin allowing holders to use their tokens to earn interest payments without the underlying risk associated with trading. It has no fixed interest rates and users are rewarded in proportion to their total activity on the network. Deposits for BCI opened on May 1, and trading pairs will be introduced as more deposits are received. BCI coins were distributed to BTC holders at block 505083 (January 22, 2018) and will be credited to accounts at the end of May this year.
The addition of Stellar (XLM) and Verge (XVG) to the Bitfinex platform continues the crypto exchange's policy of expanding traders' exposure to a wide variety of investment opportunities in the crypto space. The platform is maintaining a wave of activity in the Bitfinex community after adding 12 new tokens earlier this month and four new coins: Aragon (ANT), Storj (STORJ), Dether (DTH) and Mithril (MITH) last week.
Today, the average daily trading volume of the exchange exceeds $1 billion.
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