Bitfinex has given notice of adding trading pairs for 12 new altcoins. The tokens to be issued are ERC-20 tokens. ERC-20 tokens are a list of common rules that the tokens have to follow, this is used to help developers in predicting how the tokens would function in the larger system. The newly supported altcoins include:
- 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]
Bitfinex has announced that the newly added tokens will be tradable against BTC, ETH, and USD. A trading pair is a term in cryptocurrency which describes trade between one cryptocurrency and another.
Jean-Louis var der velde, the Chief Executive Officer of Bitfinex in a statement on their Medium account, said that they were excited to be taking the extra step to accommodate the needs and expectations of the traders in Bitfinex and assured that they will continue to expand the accommodation needs of traders in the future as well.
“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.”
They have also announced support for Dai. Dai is a decentralized token that is built to emulate Ethereum. This listing is noteworthy as Dai shares the same board of directors as Tether. The exchange stated that Dai will be available against BTC, ETH, and USD and has not ruled out a possibility of adding additional DAI pairs.
Mr. Velde had stated the introduction of a large selection of tokens which represents a varied group of blockchain related projects has bought a boost 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.”
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