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Concordium’s CCD Token Lists on Bitfinex and BitGlobal, Sees Market Expansion

Posted on by admin
10
Feb
  • CCD token listing on Bitfinex and BitGlobal exchanges.
  • Concordium offers a seamless and secure way of transacting payments.
  • Concordium focuses on Regulated DeFi, Decentralized Fintech, and innovation.

Public proof-of-stake blockchain Concordium officially announced the listing of its native digital asset — CCD token on Bitfinex and BitGlobal exchanges. The token will be traded first on the Bitfinex platform beginning on February 10, 2022 at 10:00 AM CET. It will be followed by BitGlobal which opens its trading on February 11, 2022 at 10:00 AM CET.

In detail, traders and investors on Bitfinex and BitGlobal can trade CCD against BTC, ETH and USDT. Initially, the token can only be transacted under the spot trading category. Furthermore, the listing of CCD in the two exchanges is just the beginning. The network plans to expand its reach to more exchanges in the space to provide more liquidity to all its users across the globe.

Meanwhile, the Swiss Financial Market Supervisory Authority has classified CCD as a payment token. This means CCD is suitable to be used for on-chain settlement of transactions, collateralization, and all other use-cases applicable in Decentralized Finance (DeFi).

On the other hand, Concordium blockchain offers a seamless and secure way of transacting payments. The native token of the network will be used to pay transaction fees to the validator nodes that process transactions and secure the network. It will also be used to power some features of the network that focus on Regulated DeFi, Decentralized Fintech, and innovation.

Moreover, the network will continue to develop its technology to provide the best user experience to all its investors worldwide. In fact, the Concordium Foundation aims to develop and implement a fair governance structure that allows the project to evolve over time. Hence, CCD holders will ultimately have on-chain voting powers in Concordium’s decentralized governance.

Bitfinex and BitGlobal are some of the trusted exchanges in the space. These exchanges feature many things that can be useful for users in their trading journey. As a result, traders and investors can have a flexible CCD trading experience using these platforms.

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