The new tokens currently have a combined market cap of $200 million
Bitfinex, the world’s leading digital asset trading platform, together with Ethfinex, a hybrid decentralized Ethereum exchange, have announced the introduction of four new tokens — Lympo, Utrust, BLOCKv, and DADI — to their platforms. The newly introduced token listings have a combined market capitalization of $200 million USD, representing a significant addition to the Bitfinex trading platform.
“The addition of these tokens shows our continued growth of service and a significant expansion of our offering. With this sustained progress, our traders can benefit as more diverse trading opportunities are made available to them,” said Kasper Rasmussen, Director of Communications at Bitfinex.
The tokens have been chosen via a community vote hosted on Ethfinex, through which users of the two platforms were given the chance to dictate listings. Rather than depending on the outdated listing fees used by many other exchanges, Bitfinex and Ethfinex determine listings through user engagement to ensure new listings are aligned with community demand. The voting process uses an innovative decentralized application built on the Ethereum blockchain, and is hosted at https://nectar.community.
Bitfinex is a leading provider of a number of advanced trading features and charting tools, peer-to-peer financing, OTC and margin trading across a number of digital assets for the growing global crypto trading community. This includes a recently announced collaboration with Connamara to release a FIX (Financial Information eXchange) digital asset gateway which will deliver an open-source, high-performance solution for professional traders wishing to enter the digital asset markets. With the successful deployment of the FIX gateway, Connamara and Bitfinex provide improved access to digital asset liquidity for brokers, institutions, and professional traders around the world. Bitfinex now boasts more than 60 listings for traders globally, against both fiat and crypto pairs.
Ethfinex is an Ethereum trading platform which combines centralised and decentralised trading portals to form a hybrid trading experience that gives users full control of their trading efforts. Ethfinex launched in January 2018, generating a trading volume of 2.4 billion USD in its first month of operation.
At the time of the new listings, Bitfinex has a 24-hour trading volume of more than $600 million.