One of the leading cryptocurrency exchanges, Bittrex will soon have YEFI, the native token of YeFi.one available for trade on its platform as the coin is set to be listed on the exchange.
Bittrex is deemed a good choice for listing emerging tokens as it accommodates the widest selection of cryptocurrencies.
According to a recent press release, YeFi.one, a non-custodial open-source protocol stack designed to become a core liquidity provider, announced that the sale of its native token would commence on Bittrex on the 22nd of July, 2021.
It appears that YeFi.one opts to list its token on Bittrex considering its impact on the crypto market as the popular exchange is recognized for its strong security with more than $1.5 billion monthly trading volumes.
Per the report, the latest development will become YEFI’s largest centralized exchange listing since its evolution. The CEO of YeFi.one, Pekka Kelkka expressed his delights on the progress with the token, YEFI.
“Getting listed on one of the top exchange platforms, like Bittrex, is certainly a green, bullish sign for YEFI. We expect to continue seeing a positive dynamic in the YEFI token’s price,” Kelkka said.
YeFi.one to Offer DEX And NFTs’ Powered Lending Solution
The project has been efficient in its services to the public as it provides the best of interactive and fun DApp to users, alongside an easy staking process.
This has attracted the interest of many investors as it is currently recording over 14,000 users all around the globe.
However, the platform further unveiled plans for further advancements to better serve its users. The platform revealed that it is making efforts to become a decentralized platform with a fully functioning lending & borrowing solution.
The lending services would see support from DEX and NFT infrastructures while integrating both mechanisms.