Bitfinex Supports Trading on 12 Altcoins

Bitfinex announced on April 7 about introducing 12 new altcoins on its trading platform. The new tokens are standardized ERC-20 tokens (the technical standard for smart contracts hosted on the Ethereum blockchain).

The newly supported altcoins are 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), and Dai (DAI).

The trading pairs BTC, ETH and USD for newly supported altcoins went live on April 7. The Bitfinex announcement states:

“The newly introduced token listings have a combined market capitalization of $1.1B+ USD. Margin trading and lending markets for the new tokens will be enabled gradually, as sufficient liquidity develops.”

Jean-Louis van der Velde, the Chief Executive Officer at Bitfinex, stated:

“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.”

He also mentioned, they were excited to be going the extra distance to accommodate the needs and expectations for traders. They are going to continue to expand their service offerings in a better way and maintain an advanced trading platform for the digital asset community.