Bitfinex’s crypto-exchange adds The Sandbox (SAND), the token of the metaverse, whose deposits and trading will be available from May, in USD and USDT.
Bitfinex adds The Sandbox (SAND)
This May, the Bitfinex crypto exchange will add The Sandbox (SAND), one of the tokens of the metaverse on blockchain. Here’s the Twitter announcement from a few hours ago:
🚨 Come check this out! 🏃♂️@TheSandboxGame token ($SAND) is joining Bitfinex soon!
Watch this space to find out when! 👀 pic.twitter.com/6ZJQVeqnc4
— Bitfinex (@bitfinex) May 3, 2022
“Come check this out! TheSandboxGame token ($SAND) is joining Bitfinex soon! Watch this space to find out when!”
Built on the Ethereum network, SAND allows users to explore and buy virtual land, carving out a presence in the 3D metaverse.
SAND’s deposits and trading will be available in US dollars (USD) and Tether tokens (USDt).
Bitfinex and SAND to drive utility and commitment to the metaverse
The new listing opens the door to trading tokens that live in an emerging market category, the blockchain-based metaverse.
In this regard, Paolo Ardoino, CTO of Bitfinex, commented on the new token that will soon be listed:
“We are delighted to welcome The Sandbox to our flourishing digital token ecosystem. Tokens such as The Sandbox aim to drive utility and engagement in the metaverse, and offer considerable potential for user growth”.
Sebastien Borget, COO & Co-Founder of The Sandbox, also commented on the new entry on the crypto-exchange:
“We’re glad to see SAND tokens available on Bitfinex exchange to reach an even wider audience and educate them to the possibilities offered by the open metaverse”.
The new margin trading on ApeCoin (APE)
Bitfinex, just yesterday, also announced the new margin trading on ApeCoin (APE), the Ethereum-based token that serves as a reward for holders of collectible NFTs in the Bored Ape series.
— Bitfinex (@bitfinex) May 2, 2022
“Apes are no longer bored with margin trading available at #Bitfinex! @apecoin pairs ($APE/USD) and ($APE/USDt) can be traded with a maximum leverage of 1.66x. Come ape in at Bitfinex now! Discover more. http://ow.ly/e8ee50IWRis“.
This amounts to leverage of up to 1.66x for the APE/USD and APE/USDT trading pairs.
At the end of March 2022, Bitfinex Derivatives had also announced the launch of Perpetual Swaps on ApeCoin (APE) and Gala.