British Virgin Islands Road Town – July 1, 2022 10:00 AM UTC – Bitfinex (https://www.bitfinex.com/), a state-of-the-art digital token trading platform, announced today that it will list a new market for its automated market maker (AMM), Convergence (CONV). It aims to make personal assets exchangeable in a decentralized financial (DeFi) space.
Convergence is an AMM that allows private tokens to be exchanged by subdividing the private tokens and allowing them to be configured with other DeFi protocols using a single interface. Convergence gives originators access to the liquidity available on the DeFi platform and gives DeFi users access to new private assets. Convergence aims to provide a lower barrier to entry with DeFi’s liquidity, automation and transparency capabilities, providing exclusive investment exposure for all DeFi users.
CONV deposits and trading will be tentatively launched on 4/07/22 and the trading pair USD (USD) and Tether Token (USDT) will be available for trading on 07/07/22.
Convergence is integrated with Polkadot’s Ethereum-compatible smart contract platform, Moonbeam. The platform infrastructure on Moonbeam allows protocols to be seamlessly deployed to Web3 and Polkadot Substrate environments, enabling convergence between the first exchangeable private token AMMs in the Polkadot ecosystem.
“Bitfinex is now able to use Convergence Tokens for Bitfinex customers.” Bitfinex CTO Paolo Ardoino said. “We expect the launch of Convergence at Bitfinex to be very interesting given the interaction between its value proposition and DeFi space.”
“Bitfinex, a well-known industry leader in crypto space, is always looking for alpha projects for our users and communities. We are delighted to have Convergence on Bitfinex.” Ivan Yeung, co-founder of Convergence.. “Together, Bitfinex and Convergence create new value and synergies for both of our communities. We want to provide an unprecedented DeFi experience and procure new investment gems for our customers. I will do my best. ”
To access Bitfinex CONV, go to https://www.bitfinex.com/.
Founded in 2012, Bitfinex is a digital token trading platform that provides cutting-edge services to digital currency traders and global liquidity providers. In addition to a range of advanced trading features and charting tools, Bitfinex provides access to peer-to-peer financing, the OTC market, and a wide range of digital token financing transactions. Bitfinex’s strategy focuses on providing unmatched support, tools and innovation to professional traders and liquidity providers around the world. For more information, please visit www.bitfinex.com.
Disclaimer: The information contained in this press release or sponsored post does not constitute investment advice. Thecoinrepublic.com does not endorse information about the company or individual on this page. Readers are encouraged to conduct their own research and take action based on their own findings, not from the content written in this press release or sponsored post. Thecoinrepublic.com will not be liable for any damages or losses directly or indirectly caused by the use of the content, products or services contained in this press release or sponsored post.