Bitfinex, a digital asset trading platform, together with Ethfinex, a hybrid decentralized Ethereum exchange, announced on Thursday the introduction of four new tokens — Lympo, Utrust, BLOCKv, and DADI — to their platforms. The newly introduced token listings have a combined market capitalization of $200 million USD, representing a significant addition to the Bitfinex trading platform.
According to Bitfinex, Ethfinex is an Ethereum trading platform which combines centralized and decentralized trading portals to form a hybrid trading experience that gives users full control of their trading efforts. Ethfinex launched in January 2018, generating a trading volume of 2.4 billion USD in its first month of operation. While sharing more details about the tokens, Kasper Rasmussen, Director of Communications at Bitfinex, stated:
“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 duo added that the tokens have been chosen via a community vote hosted on Ethfinex, through which users of the two platforms were given the chance to dictate listings. Rather than depending on the outdated listing fees used by many other exchanges, Bitfinex and Ethfinex determine listings through user engagement to ensure new listings are aligned with community demand.