Bitfinex, a major cryptocurrency exchange and storage platform, has introduced trading support for 12 additional assets in an announcement made today, April 7th, 2018. Trading, deposits, and withdrawals will be enabled for the following ERC20 tokens as of 4PM UTC this afternoon:
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).
The new additions are all ERC20 tokens build on the Ethereum platform. They will be tradable against BTC, ETH, and USD. Bitfinex expects to gradually phase-in margin trading and peer-to-peer funding as liquidity and trade volume for the new assets increases. Currently, the newly introduced tokens have a total market cap of over $1 billion.
Notable New Assets
The new listings are said to be a “curated selection of high quality projects, each pioneering research within various sectors of blockchain development”. However, among the new listings, several stand out.
Raiden Network, Wax, Aion, and Request Network are all popular assets with large market caps that could benefit from the increased access to investment capital that will come from a Bitfinex listing. Raiden Network is unique because it is the native token of the popular Raiden scaling solution for the Ethereum protocol.
Bitfinex ended its announcement by revealing the upcoming support for Dai, a decentralized stablecoin created by the MakerDao team. Dai will be tradable against the usual pairs (BTC, ETH, USD), but there are additional plans to connect it with other markets through an integration with Tether (USDT) – a cryptocurrency pegged to the USD.
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