It was said that the coin listing was “another important milestone” for DeFiChain. The DFI token from DeFiChain may now be bought, sold, and traded on the renowned cryptocurrency exchange Huobi Global.
Another Important Move for DeFiChain
DeFiChain officially announces the listing of its native DFI token on Huobi Global, one of the top cryptocurrency exchanges in the world. Huobi Global is the world’s largest blockchain on the Bitcoin network and is devoted to providing decentralized financial apps and services to everyone.
In order to support sophisticated DeFi applications, the Bitcoin network underwent a hard split to form the DeFiChain, a decentralized Proof-of-Stake blockchain. It is committed to making decentralized financial services quick, wise, and transparent. Staking, mining for liquidity, decentralized assets, and loans are all available on DeFiChain.
DFI withdrawals will become available on July 26 at 07:00 (UTC), while the new coin began trading against USDT on Huobi on July 25 at 6:00 (UTC). DFI buyers on Huobi will be able to move the token to their DeFiChain wallet or any other location they want.
On Kucoin, Bybit (ERC-20 format), Bittrex, Bitrue, Hotbit, and Bitpanda, the DFI token is already tradable. Benjamin Rauch, the marketing director for DeFiChain Accelerator, said:
“Getting listed on Huobi is another big step for DeFiChain. We are happy that more and more big exchanges list DFI. Due to the variety of real world assets available on DeFiChain, more and more top tier exchanges are looking forward to listing DFI. With every additional listing it becomes easier for the masses to enter the world of native decentralized finance on DeFiChain.”
One of the top cryptocurrency exchanges in the world is Huobi, which was established in 2013. The Huobi listing will increase DFI’s visibility among the world’s cryptocurrency users. Huobi offers a comprehensive environment for seasoned cryptocurrency traders by enabling users to buy, sell, stake, and borrow a variety of cryptocurrencies.
The Dubai Virtual Assets Regulatory Authority recently awarded Huobi provisional authority to provide virtual asset exchange goods and services to pre-qualified investors and licensed financial service providers.
The DeFiChain ecosystem is accessible to everyone thanks to the DFI token. It serves as the foundation for all operations on the DeFiChain blockchain, including the provision of liquidity across many pools and staking for security and consensus. Additionally, it functions as a governance token, a reward token, and collateral to borrow or create stock tokens and the dUSD stablecoin.