Cryptocurrency trading platform Bitfinex has announced the addition of 12 new Ethereum tokens.
The new Bitfinex tokens have a total market cap of more than USD 1.1 billion, providing traders greater flexibility and exposure to an array of digital assets.
Bitfinex tokens selection now includes the following:
- 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)
According to the platform, “all tokens will be tradable against BTC, ETH and USD. Margin trading and peer-to-peer funding markets will be enabled gradually, as the order books develop sufficient liquidity”.
Hong Kong-based Bitfinex was founded in 2012 and quickly established itself as the biggest Bitcoin exchange platform by 2014, accounting for more than 10 percent of the exchanges’ trading. They claim to offer the most liquid order book globally and allow up to 3.3x leverage trading via peer-to-peer funding.
In a statement, Bitfinex CEO Jean-Louis van der Velde said that “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.”