Uniswap and seven more tokens find their way to CoinZoom exchange

By: Ali Raza
Ali Raza
Ali plays a key role in the cryptocurrency news team. He loves travelling during his spare time and enjoys… read more.
on Oct 1, 2020
  • Cryptocurrency exchange CoinZoom recently listed eight new tokens, including several DeFi coins.
  • The new listing will allow its users to not only buy and sell the coin, but also spend it via its VISA card.
  • The listing has a deeper purpose, which is to help build a bridge between crypto and traditional finance.

US-based cryptocurrency exchange, CoinZoom, recently announced the addition of eight new cryptocurrencies to its list. A number of the coins are major DeFi stars, which have been making headlines due to major exchange listings and strong performance in recent weeks.

Eight new cryptos are now available on CoinZoom

As mentioned, CoinZoom listed eight new cryptocurrencies, including Kyber Network (KNC), OmiseGO (OMG), Augur (REP), 0x (ZRX), but also Maker (MKR), Uniswap (UNI), and yearn.finance (YFI). However, the listing on the exchange includes more than the simple ability to trade these tokens.

Are you looking for fast-news, hot-tips and market analysis? Sign-up for the Invezz newsletter, today.

The exchange’s users will now also be able to use the coins for paying for goods and services, provided that they are users of the CoinZoom VISA card.

Due to the partnership with VISA, the card can be used at more than 53 million retailers around the world.

CoinZoom’s CEO, Todd Crosland, commented on the move by saying that there has been a lot of enthusiasm regarding DeFi tokens. The exchange is now excited to provide its users with the opportunity to not only buy and sell them, but also spend them in the real world.

CoinZoom’s token list continues to grow

While CoinZoom doesn’t support hundreds of coins like some other exchanges that rush to list as many tokens as possible and attract users, its list of available cryptos is increasing.

With the new listing, the exchange now offers 28 tokens in total, as well as more than 80 markets, since all of the listed tokens have pairs against Bitcoin (BTC), Tether (USDT), and US dollar.

Crosland further added that CoinZoom aims to bridge the gap between FX, stocks, futures, legacy, and banking, so that digital assets would be available to everyone equally, including retail and institutional investors alike. The new listing is the next step towards that goal, according to him.

Invest in crypto, stocks, ETFs & more in minutes with our preferred broker, eToro
68% of retail CFD accounts lose money