LONDON, UK / ACCESSWIRE / June 21, 2021 / Currency.com, the high-growth European crypto platform, has added 19 new ERC-20 and DeFi tokens to its platform.*
Of the 19 assets, two are stablecoins; USDC, the US-regulated stablecoin issued by Circle, and Dai, the decentralised stablecoin created by MakerDAO users. The circulating supply of the former is close to $24 billion, while the latter holds at $5.2 billion.
Wrapped Bitcoin (WBTC) has also been added, allowing clients to deposit and trade an ERC-20 representation of Bitcoin while benefiting from Ethereum’s faster confirmation times.
A further nine tokens that represent the vibrant Ethereum DeFi ecosystem are also now available on Currency.com. These include Aave’s AAVE token, Yearn Finance’s YFI, SushiSwap’s SUSHI, Synthetix’s SNX, Bancor’s BNT, 0x’s ZRX, UMA Protocol’s UMA, and Kyber Network’s KNC. Also added is Ren (REN), a token of Republic – decentralised protocol enabling cross-chain operations.
Aave is a money market protocol that enables over-collateralised lending on a variety of assets. Yearn Finance is a yield automatisation protocol, hosting a number of strategies to bring passive yield on client’s’ assets. SushiSwap, Bancor, 0x and Kyber Network are decentralised exchanges on Ethereum, enabling users to buy and sell assets while staying non-custodial. Finally, Synthetix and UMA are both engaged in creating and trading synthetic assets to enable flexible trading setups such as inverse tokens or tokenised synthetic stocks.
The remaining tokens added to Currency.com include a number of different protocols that do not fall into a single category. These are OMG Network (OMG), a layer two scalability platform; Polygon (MATIC); Basic Attention Token (BAT), REP; Ocean Protocol (OCEAN), a decentralized marketplace for data; Aragon (ANT), an infrastructure project for DAOs; and Band Protocol (BAND), a decentralized oracle project.
Vitaliy Kedyk, Head of Strategy at Currency.com, said: ‘With bitcoin’s dominance waning in recent months, we have seen a dramatic growth in interest for altcoins. This is evident from the growing number of clients on Currency.com, where active traders increased by more than 54% in the first quarter of 2021 compared to Q4 2020. Over the same period, trading in popular altcoins such as DOGE, ETH and XRP have also picked up significantly. To ensure we remain responsive to clients’ needs and evolving preferences, we have added 19 of the most popular ERC-20 and DeFi assets to Currency.com. Supported by our free and extensive education resources, we are on a mission to connect more people with the burgeoning world of cryptocurrencies. “
All 19 ERC-20 tokens are available in the “Exchange” mode with tokens USDC and USDT.
*Currency Com does not provide services to clients who live in countries (are residents of countries) in prohibited jurisdictions. For the full list of prohibited jurisdictions, click here.
Notes to Editors
Currency.com is a high-growth, crypto platform seamlessly linking traders and investors with the booming world of cryptocurrencies. The platform is powered by simple, slick and intuitive technology to enable investors to securely buy, trade and invest in popular cryptocurrencies using both crypto and fiat currencies.
In markets where it is permissible to do so, the crypto platform also enables investors to trade tokenised equities, indices and commodities , thereby allowing more investors to diversify their digital assets beyond cryptocurrencies. To help investors trade with confidence, the cryptoplatform is fitted with robust risk management controls , transparent pricing and extensive financial education content.
In 2020, the crypto platform reported a 374 per cent growth in its client base, making it one of Europe’s fastest growing cryptocurrency exchanges platforms. Venture Capitalist Viktor Prokopenya was an early investor in the company through his fund VP Capital.
Currency Com Limited is authorised by the Gibraltar Financial Services Commission to provide Distributed Ledger Technology services under licence number 25032. Currency Com Bel LLC is registered as a Belarus High Tech Park resident authorised to carry out activities using tokens. The company has offices located in the UK, Cyprus, Belarus, US, Gibraltar and Ukraine.
To find out more, visit https://currency.com/.
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