Bitfinex announced 12 new token listings on April 7th, expanding the range of digital assets available for trading on the Hong Kong-based cryptocurrency exchange. The new listings include Aion, Raiden
Bitfinex announced 12 new token listings on April 7th, expanding the range of digital assets available for trading on the Hong Kong-based cryptocurrency exchange. The new listings include Aion, Raiden Network, Request Network, IOSToken, Loopring, BnkToTheFuture Token, Cofound.it, WAX, SingularityNET, MedicalChain, ODEM, and Dai. The 12 tokens carry a combined market value exceeding $1.1 billion, providing traders with exposure to a diverse range of blockchain-based projects.
In announcing the additions, Bitfinex described the move as a "significant addition to the Bitfinex trading platform, offering traders greater exposure to a broader range of trading and investment opportunities."
The exchange has operated since 2012 and maintains a prominent position among cryptocurrency exchanges, handling daily trading volumes surpassing $500 million. The platform serves professional traders through advanced charting tools, margin trading capabilities, OTC trading services, and peer-to-peer financing options. Bitfinex establishes a $10,000 minimum account balance requirement, set in cryptocurrency equivalents, for new traders wishing to access the platform.
CEO Jean-Louis van der Velde said "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."
The 12 tokens all adhere to the ERC20 standard built on the Ethereum blockchain. Each will be available for trading on both Bitfinex and Ethfinex, the company's Ethereum-focused trading platform designed to serve the growing market for ERC20 tokens and other blockchain-based digital assets.
The move follows Coinbase's announcement that it will provide technical support for ERC20 tokens on its exchange, though Coinbase has not yet disclosed which ERC20 tokens it will list or when such listings will occur.
"We are excited to be going the extra distance to accommodate the needs and expectations of our traders," van der Velde said. "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."
