Bitfinex Crypto Exchange Adds 12 Ethereum ERC20 Tokens For Trading


Bitfinex, one of the world’s largest cryptocurrency exchanges, just announced the addition of 12 new tokens to its platform. The online trading giants have a 24-hour trade volume of more than $380 USD million already with features that include advanced charting and prediction tools, P2P financing schemes and much more.

Including the current listings, the combined market cap of Bitfinex has increased to about $1.1B which signifies an important addition to the Bitfinex trading platform. The 12 tokens added 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).

Lean-Louis Van der Velde, the CEO of Bitfinex commented: “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.”

It is to be noted that all the tokens can be traded against BTC, ETH, and USD. Margin trading and P2P lending markets are in the horizons of the company's development plans.

Apart from the addition of 12 tokens added above, Bitfinex will be adding Dai which is a digital, decentralized tablecoin built on Ethereum, developed by the MakerDao team. By amalgamating DAI and USDT they hope to facilitate new trading opportunities across a diverse range of tokens, markets, and exchanges.

This news comes after accusations of Bitfinex being involved with Columbian Cocaine after Polish authorities seized $371 million with a connection to Panama based shell companies with links to Bitfinex.

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