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Bitfinex Introduced Trading Pairs For 12 New Altcoins

Apr 09, 2018 Posted /  971 Views

Bitfinex Introduced Trading Pairs For 12 New Altcoins

Bitfinex Introduced Trading Pairs For 12 New Altcoins

Bitfinex introduced 12 new altcoins on April 7th.The new tokens are ERC-20 tokens, the specialized standard for smart contracts hosted on the Ethereum blockchain.

The recently introduced altcoins are:
Raiden Network, Loopring, Bnktothefuture Token,, Wax, Singularitynet, Medicalchain,Aion, Lostoken, Request Network,Odem, and Dai.

Bitfinex declaration stated that,
“The newly introduced token listings have a combined market capitalization of $1.1B+ USD.” Margin trading and lending markets for the new tokens “will be enabled gradually, as sufficient liquidity develops.”

Bitcoin, Ethereum and USD trading pairs for the newly introduced altcoins went live on April 7th.

The recently announced ERC-20 tokens incorporate Dai,which is an advanced, decentralized stablecoin built  on Ethereum. The posting of Dai is noteworthy, as the project has all the characteristics of being in competition with Tether. The trade expressed that, “Dai will initially be made available against BTC, ETH, and USD whilst we explore the possibility adding additional DAI pairs.”

Likewise, the listing of Bnktothefuture token is also prominent, as it seems to own shares in Bitfinex.

Louis Van Der Velde, The Chief Executive Officer of Bitfinex expressed, "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 as we believe that each token serves to strengthen and enliven a unique aspect of the global blockchain ecosystem, and will offer new and exciting trading options for our users.”

He included:

“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.”

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Tags: Bitfinex altcoins Cryptocurrencies bitcoin

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