Hybrid decentralized Ethereum exchange Ethfinex and leading digital asset trading platform Bitfinex have listed four new coins, namely DADI, Lympo, BLOCKv and Utrust, to their platforms, according to a press release CoinReport received from Wachsman, Bitfinex’s PR firm. All four coins have a shared market value of $200 million.
Bitfinex director of communication Kasper Rasmussen commented, “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.”
The digital currencies were selected through a community vote that Ethfinex hosted, with users of both the platforms dictating the listings. Instead of relying on the old listing fees used by several other exchanges, Ethfinex and Bitfinex ascertain listings via user engagement to make sure that the new listings are according to what the community demands. A decentralized app developed on the Ethereum blockchain is used by the voting process.
At the time of the new listings, Bitfinex had a 24-hour trading volume of more than $600 million.
Bitfinex recently announced association with Connamara to release a FIX, or Financial Information eXchange digital asset gateway. The FIX will provide an open-source, high-performance solution for professional traders who want to enter the digital asset markets. Against both fiat and crypto pairs, Bitfinex now boasts over 60 listings for traders from all over the world.
Ethfinex combines decentralized and centralized trading portals to create a hybrid trading experience providing users complete control of their trading attempts. Launched in January 2018, the Ethereum trading platform generated a trading volume of $2.4 billion in the first month.
Image via Media Contact page of Bitfinex’s website