Bitfinex will list Elrond for trading & staking services
We’re thrilled to announce that Elrond will be listed on Bitfinex! Deposits for the mainnet ERD token will be enabled on the 17th of August. Bitfinex will also support staking soon after.
Bitfinex is a top tier exchange. It was founded in 2012 and it is widely acknowledged as the exchange with the deepest liquidity. It has support for 197 countries and offers fiat deposits & withdrawals in USD, EUR, GBP and JPY.
The platform integrates a tightly controlled portfolio of projects, with Elrond being only the second addition in 2020. Being able to meet the criteria for Bitfinex integration exposes our product to a more senior category of ecosystem players.
“We are excited to unveil this listing as part of a strategic plan to expand our ecosystem, which brings significant exposure and opportunities for Elrond. Enabling additional products in collaboration with Bitfinex, such as staking, will strengthen Elrond, and position it for accelerated growth after the mainnet launch.” said Beniamin Mincu, Elrond CEO.
Having our token available on one of the most important exchanges brings deep liquidity to the Elrond token. Our project and products thus gain exposure to millions of experienced users who prefer Bitfinex as a highly secure and reliable platform that offers advanced capabilities.
Elrond is a new blockchain architecture, designed from scratch to bring a 1000-fold cumulative improvement in throughput and execution speed. To achieve this, Elrond introduces two key innovations: a novel Adaptive State Sharding mechanism, and a Secure Proof of Stake (PoS) algorithm, enabling linear scalability with a fast, efficient, and secure consensus mechanism. Thus, Elrond can process upwards of 10,000 transactions per second (TPS), with 5-second latency, and negligible cost, attempting to become the backbone of a permissionless, borderless, globally accessible internet economy.
As the world's leading digital asset trading platform, Bitfinex offers state-of-the-art services for digital token traders and global liquidity providers. Founded in 2012, Bitfinex was one of the first sophisticated platforms set up to accommodate the growing interest in digital token trading. Since then, it has gained invaluable experience whilst cementing our spot as the go-to platform for digital token traders and institutions. In addition to a suite of highly advanced and diversified trading features and charting tools, Bitfinex provides access to peer-to-peer financing, an OTC market and margin trading for a wide selection of digital tokens. Bitfinex's strategy focuses on providing unparalleled support, tools, and innovation for experienced traders and liquidity providers around the world.