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Bitfinex adds Polkadot/Bitcoin for trading
Bitfinex adds Polkadot/Bitcoin for trading
Crypto

Bitfinex adds Polkadot/Bitcoin for trading

By Amelia Tomasicchio - 19 Jan 2021

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Today, the Bitfinex exchange announced the listing of the Polkadot (DOT) / Bitcoin (BTC) pair for trading.

Trading with the DOT/BTC pair will thus begin today, January 19th, 2021 at 10 AM UTC.

Polkadot’s crypto, DOT, was already available on the platform for trading against the US dollar (DOT/USD) and Tether (DOT/USDt). 

As of December 14th, Polkadot was also listed on Bitfinex Borrow. Those who decide to lend their crypto get up to 70% of their DOT in the stablecoin Tether (USDt) or in US Dollars (USD).

What is Polkadot

The goal of Polkadot is to make it possible to communicate different models in a single structure, which could become a very interesting system for the launch of future dApps.

DOT, on the other hand, is used as a governance token as well as for staking.

Staking and the price of DOT

Polkadot is currently the cryptocurrency with the highest total value staked according to data from last November 2020.

This figure was close to $3 billion a few months ago. Currently, according to Coin to Stake data, DOT’s annual ROI is 8.39%.

Among other things, DOT has recently set new records in terms of price, rising 30% and reaching a value of over $12 in recent days.

The latest news on Polkadot

In December, also Ampleforth announced its expansion on other blockchains to replicate what it has built on Ethereum on Polkadot.

Moreover, during this 2021 great things are expected from Polkadot, which also plans to develop an entire DeFi ecosystem. In fact, according to PolkaProject, there are now over 280 projects being launched on Polkadot, including 20 specifically focused on decentralized finance.

 

Amelia Tomasicchio
Amelia Tomasicchio

As expert in digital marketing, Amelia began working in the fintech sector in 2014 after writing her thesis on Bitcoin technology. Previously author for Cointelegraph and CMO at Eidoo. She is now the co-founder and editor-in-chief of The Cryptonomist. She is also a marketing teacher at Digital Coach in Milan and she is about to publish her first book about Blockchain Marketing.

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