DeFiChain’s DFI Token is now listed on Huobi Global

By:
on Jul 25, 2022
  • DeFiChain is the first DeFi blockchain on the Bitcoin network.
  • DFI Token is the native token of the DeFiChain blockchain and it has been officially listed on Huobi.
  • DFI trading on Hubi will start today at 06:00 (UTC).

DeFiChain, the world’s first DeFi blockchain to be built on the Bitcoin network, has announced that its native toke, the DFI token, has officially been listed on the Huobi Global exchange.

The DFI token starts trading on Huobi on July 25th at 06:00 (UTC) although users will be allowed to perform withdrawals from July 26th at 07:00 (UTC).

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Besides trading, Huobi traders and investors will also be able to buy the DFI on Hobi and transfer it to their DeFiChain wallet if they so wish.

The growing popularity of DFI token

Besides Huobi Global, the DFI token is also listed on Bybit (as an ERC20 format), KuCoin, Bitrue, Bittrex, Bitpanda, and Hotbit.

In a statement after the Huobi listing, the Marketing Director at DeFiChain Accelerator, Benjamin Rauch, 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.”

Listing on Huobi gives the DFI token exposure to the millions of cryptocurrency traders and investors who use Huobi around the world including in Dubai where it was recently provided provisional approval by the Dubai Virtual Assets Regulatory Authority.

Huobi was founded in 2013, making it one of the most reputable crypto exchanges today. It allows users to buy, sell, stake, and borrow a wide range of cryptocurrencies that now include the DFI.

DFI use cases on the DeFiChain ecosystem

The DeFi Token is at the core of the DeFiChain ecosystem. It facilitates all the activities on the blockchain including providing liquidity in multiple pools, staking for blockchain consensus and security, acting as collateral to mint or borrow stock tokens and the dUSD stablecoin, being used as a reward token, and is used as the governance token of DeFiChain.

Since its mainnet was launched in 2020, DeFiChain has seen an improvement, especially on the side of community involvement in all aspects including blockchain, nodes, masternodes, projects being launched, its tools, and governance among others.

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