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The DeFi craze continues as exchanges rush to list popular tokens

The DeFi craze continues as exchanges rush to list popular tokens

OKEx is the most recent cryptocurrency alternate to hop on the DeFi bandwagon. On August 28, they introduced listings for eight completely different DeFi tokens, together with Band Protocol (BAND), JUST (JST), REN, Reserve Rights (RSR), Yearn.finance (YFI), Nexus Mutual (wNXM), YFII.finance (YFII), and Tellor (TRB). These new listings develop their DeFi suite to a complete of 27.

OKEx’s CEO, Jay Hao, praised the DeFi sphere, stating:

“OKEx has been keenly observing the DeFi market dynamics and making an attempt our greatest to collaborate with high-quality revolutionary DeFi initiatives that present probably the most potential. We’re very inspired to see so many glorious initiatives rising out there, as this additionally signifies that the DeFi area is creating quickly.”

OKEx is actually not alone in its dedication to this specific side of Blockchain’s ecosystem. In April, Binance issued a brand new DeFi token backed by the crypto asset, Ontology (ONT). Constructed on Binance Chain and ruled by a collection of parameters often called BEP2, the brand new token goes by the identify ONT-33D, a Binance spokesperson informed Cointelegraph.

Again in June, Coinbase introduced help for the favored DeFi venture, Compound (COMP).

Huobi World additionally just lately listed Band Protocol (BAND) on August 10, and Poloniex listed the Decentr DeFi token in July.

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