Bitfinex Crypto Exchange Announces Trading for 12 New Altcoins

Bitfinex has reported the presentation of 12 new ERC-20 tokens. Among the tokens recorded is Dai – a stablecoin contender to Tether. Among the recently upheld altcoins are (AION), Iostoken (IOST), Request Network (REQ) and Raiden Network (RDN).

On April seventh, Bitfinex reported through Medium the presentation of 12 new altcoins on its exchange. The majority of the new tokens are ERC-20 tokens (the specialized standard for keen contracts facilitated on the Ethereum blockchain).

The recently upheld altcoins are (AION), Iostoken (IOST), Request Network (REQ), Raiden Network (RDN), Loopring (LRC) Bnktothefuture Token (BFT), Cofound.it (CFI), (WAX), Singularitynet (AGI), Medicalchain (MTN), (ODEM), and (DAI).

BTC, ETH, and USD exchanging sets for the recently upheld altcoins went inhabit 4 PM UTC on April seventh. Bitfinex’s declaration expressed that “The recently presented token postings have a consolidated market capitalization of $1.1B+ USD.” Margin exchanging and loaning markets for the new tokens “will be empowered step by step, as adequate liquidity creates.”

The recently recorded ERC-20 tokens incorporate Dai, “a computerized, decentralized stablecoin based on Ethereum.” The posting of Dai is critical, as the task has all the earmarks of being in coordinate rivalry with major stablecoin, Tether – which has an indistinguishable executive from Bitfinex. The trade expressed that “Dai will at first be made accessible against BTC, ETH, and USD while we investigate the likelihood including extra DAI sets.”

The posting of Bnktothefuture Token is likewise prominent, as Bnktothefuture seems to claim partakes in Bitfinex. Bnktothefuture was likewise engaged with the questionable transformation of BFX tokens into value in Bitfinex following the staggering hack endured by the trade in 2016. On August 22nd, 2016, Bitifinex “formally marked a letter of expectation with Bnktothefuture [… ] to furnish arrangements towards remunerating clients with value in Bitfinex.”

The Chief Executive Officer of Bitfinex, Jean-Louis van der Velde, 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.”

Mr. Velde 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.”