Bitfinex among first exchanges to list BLAST
Bitfinex among first exchanges to list BLAST
Cryptocurrency exchange Bitfinex announced the listing of BLAST, the native token of the Ethereum-based Layer-2 blockchain that provides yield for ether (ETH) and stablecoins.
The move, effective June 24, 2024, makes Bitfinex one of the first to offer BLAST and underscores its commitment to expanding its trading portfolio.
Developed by the creators of the NFT platform Blur, BLAST aims to alleviate Ethereum's scalability issues by improving transaction speeds and reducing costs. The token will facilitate built-in yield features for ETH and stablecoins without requiring user intervention for staking processes. This automatic staking mechanism is expected to attract a broader base of crypto investors looking for hassle-free yield accrual.
Henry Child, Bitfinex's Head of Tokens, expressed his excitement about the new listing, highlighting the additional earning opportunities it provides for their users.
Deposits for BLAST began at 14:00 UTC on June 24th, with trading scheduled to begin at 15:00 UTC on June 26th, against the US Dollar (BLAST/USD) and Tether (BLAST/USDT), subject to liquidity.
Founded in 2012, Bitfinex is a major player in the digital trading space, offering a range of advanced trading features, peer-to-peer financing and margin trading across multiple cryptocurrencies.
The addition of BLAST is part of Bitfinex's broader strategy to support and promote innovative blockchain solutions that offer real utility and scalability improvements.
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