Bittrex Global Considering Adding Tezos Blockchain Assets

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Exchange plat­form Bit­trex Glob­al has revealed that it is work­ing on inte­grat­ing and list­ing FA1.2 and FA2 tokens on Tezos. Thanks to its effi­cien­cy and ener­gy effi­cien­cy, the move epit­o­mizes Tezos’ grow­ing appeal among major insti­tu­tions. Addi­tion­al­ly, Tezos has been expe­ri­enc­ing a spike in user activ­i­ty over the past year. For instance, smart con­tracts have tripled to over 600,000 dur­ing that period.

 FA1.2 and FA2 are dif­fer­ent token stan­dards that sup­port the cre­ation of unique assets for uti­liza­tion on var­i­ous projects on DeFi, NFTs, DAOs, and more. As a result, the inte­gra­tion of FA1.2 and FA2 by Bit­trex would enable the plat­form to sup­port trans­ac­tions involv­ing dif­fer­ent tokens oper­at­ing on the Tezos blockchain.

The deci­sion by Bit­trex Glob­al to tar­get tokens on the Tezos ecosys­tem will cer­tain­ly increase the num­ber of assets on the plat­form. Bit­trex con­ducts thor­ough back­ground checks on tokens before list­ing them. The due dili­gence cov­ers token dis­tri­b­u­tion, the back­ground of project founders, project roadmap, and com­mu­ni­ty engage­ment, among oth­er fac­tors. This helps safe­guard users from los­ing their mon­ey to rug pulls and oth­er fraud schemes.

About Tezos

Tezos is a proof–of–stake blockchain, focus­ing on com­mu­ni­ty engage­ment to pro­vide a secure, fast, cheap, and envi­ron­men­tal­ly-friend­ly trans­ac­tion plat­form. It has an on-chain gov­er­nance mech­a­nism, where the com­mu­ni­ty can vote on improve­ment and devel­op­ment pro­pos­als. Tezos has its native blockchain, XTZ.

About Bittrex Global

 Bit­trex Glob­al is one of the world’s lead­ing dig­i­tal assets exchange plat­forms. It sup­ports trad­ing in more than 250 dig­i­tal assets. Fur­ther­more, the plat­form sup­ports insti­tu­tion­al investors who are keen on lever­ag­ing the ben­e­fits of the cryp­to mar­kets. It pro­vides a mul­ti-wal­let option, which is rare in the market.

Bit­trex has a user-friend­ly inter­face to make it eas­i­er for new traders to nav­i­gate their way through the plat­form. Fur­ther­more, it sup­ports the growth of projects by pro­vid­ing an avenue through which devel­op­ers can raise funds for the most cre­ative and inno­v­a­tive projects. There­fore, projects with high poten­tial can launch their IEO and attract the atten­tion of investors.

Latest Tezos News Today

Tezos (XTZ) has risen by 5.32% in the past 24 hours, to trade at $4.16 at 0244 GMT. The gain fol­lows yesterday’s gain of 2.69%. The cryp­to mar­ket is on the rebound, and the XTZ week­ly chart has formed a cup and han­dle pat­tern. There­fore, it is like­ly that the token could rise sig­nif­i­cant­ly in the com­ing days.



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