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CoinMarketCap Added Blofin to Its Exchange Category

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George Town, Cayman Island–(Newsfile Corp. – May 1, 2023) – Blofin, the premier perpetual futures exchange, has been added to CoinMarketCap‘s exchange category, the world’s largest crypto asset tracking website. This move aims at increasing the exchange’s visibility and adoption. It comes after a remarkable increase in community members and daily trading volume since its launch in January. The exchange’s 24-hour trading volume currently stands at over 300 million dollars.

CoinMarketCap Added Blofin to its Exchange Category

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Meeting the standards of CoinMarketCap(CMC), Blofin has implemented five different security measures to protect users’ assets. These include partnering with Fireblocks to offer liability insurance coverage, drawing on decentralized Merkle Tree verification to prove users’ funds in the platform’s reserve, using Wallet as a Service (WaaS) to keep users’ assets in third-party custody, and adopting KYT solution from AnChain for monitoring security, risk, and compliance.

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Before listing to the CMC, Blofin has also posted its financial data on Nansen as part of its Proof of Reserves (PoR) report to ensure transparency and user confidence. As per Nansen’s data, Blofin’s net worth has surpassed 5 million US dollars, with USDT representing 30.03% and USDC representing 21.18% of the total. To encapsulate resilience and transparency, Blofin committed to providing monthly updates on the PoR data to offer customers full assurance regarding the company’s financial stability and the safety of the users’ investments.

Matt, CEO of Blofin, shared the news on Twitter, stating, “It’s our great pleasure to receive confirmation from the best tracking website in the world. Thanks to all the users who like Blofin and their trust in us, we have achieved what we have today. Blofin will continue to pursue our mission and vision, further improve the trading and user experience, and provide the most reliable product to a wider audience. This is just the beginning.”

Functions of Blofin – A Premier Crypto Futures Exchange

Blofin is a focused crypto futures exchange that prioritizes the smooth operation of its platform. It carefully manages the liquidity on the platform while handling the tedious task of filling out numerous price-feeding sites. By taking care of these details, Blofin ensures that its users can focus on their trading strategies without worrying about technical or administrative issues.

The exchange offers a comprehensive range of functionalities to help investors trade crypto futures with ease and confidence. Specifically, users can:

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  • Trade 59 perpetual contracts margined in Tether
  • Track and analyze real-time market prices and contract information with pragmatic features
  • Check the most trending crypto news within the network
  • Securely deposit and withdraw token assets in the wallet for an instant account
  • Copy the operations from the top-notch master traders in the world

To experience the innovative power of Blofin, please go to the Blofin website or download the app from the Apple App Store and Google Play Store to trade easily on the go.

About Blofin

Blofin is a cryptocurrency futures trading exchange where users can get into cryptocurrency futures trading in an exciting and rewarding way. On Jan. 12th, 2023, Blofin launched its futures trading exchange platform packed with pragmatic security measures, including AI-powered algorithms, infrastructure, analysis, and more. Designed to offer all users an equal, transparent, and highly effective trading experience, Blofin is now inviting the best and brightest futures traders to join its pioneering program. Blofin team consists of serial entrepreneurs, executives from the traditional finance industry, professional traders, risk control professionals, and more.

Media Contact
Qi Ai
Content Manager from Blofin
Email: [email protected]
https://twitter.com/Blofin_exchange

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/164316

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Newsfile is a customer-focused newswire team that delivers press releases and corporate announcements to the global financial community. Approved by all stock exchanges, Newsfile offers broad access to media, analysts, investors and market participants. With agile services, proactive customer care and affordable pricing; Newsfile makes it easy for companies to tell their story to the audiences they need to reach.

Blockchain

RAK DAO Partners with Phoenix Group PLC (PHX) and Internet of People (IOPn) to Commit $100 Million Investment to Boost Web3 Innovation in Ras al Khaimah

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Phoenix Group PLC and IOPn commit to investing $100 million to drive innovation and attract top Web3 talent to Ras al Khaimah by 2030.

This partnership aims to create a thriving ecosystem for blockchain and digital assets in the region.

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RAK DAO, the world’s first and only Free Zone with Common Law features established to support digital assets companies, has entered into a strategic partnership with Phoenix Group and IOPn. This collaboration aims to drive innovation, foster economic growth, and further position Ras al Khaimah as a global hub for Web3 pioneers. Phoenix Group, an ADX-listed company, is a leader in web3 development in the UAE. IOPn is an integrated Web3 ecosystem that leverages blockchain, AI, and cutting-edge spatial computing.

As part of the partnership, Phoenix Group and IOPn have committed to investing $100 million into the Emirate of Ras al Khaimah by 2030 leveraging RAK DAO’s infrastructure. This substantial investment underscores Phoenix Group and IOPn’s dedication to stimulating innovation and attracting top-tier professionals to the region within the Web3 space. The partnership seeks to target, encourage and attract highly-skilled individuals in Web3, crypto, blockchain, and developer domains to the region. Phoenix Group and IOPn aim to enrich the local talent pool by leveraging initiatives such as the Golden Visa programs and RAK DAO business licenses through investment. By nurturing top-tier talent, RAK DAO, Phoenix Group and IOPn seek to create a thriving ecosystem that harnesses cutting-edge technologies – including blockchain, spatial, and cognitive solutions for economic development and sustainability.

Dr. Sameer Al Ansari, CEO of RAK DAO has expressed, “We are thrilled to welcome Phoenix Group and IOPn as RAK DAO’s Ecosystem Partners. The $100 million investment marks a significant milestone in our mission to establish Ras al Khaimah as a premier destination for Web3 innovation and talent. By leveraging Phoenix Group and IOPn’s expertise and resources, we are poised to further enrich our dynamic ecosystem that fosters cutting-edge technologies and attracts the brightest minds in the blockchain and digital asset sectors.

This collaboration underscores our commitment to driving economic growth and sustainability through technological advancements. We look forward to welcoming top-tier professionals and pioneering initiatives that will redefine the digital landscape of Ras al Khaimah.”

Mr. Seyed Mohammad Alizadehfard (Bijan), Co-founder & Group CEO of Phoenix Group, elaborated on the new strategic dimensions of the partnership, stating, “Our joint venture marks a pivotal expansion of our commitment to blockchain infrastructure aimed at enhancing the technological landscape in Ras al Khaimah. Our partnership will not only drive innovation but also strategically position the Emirate as a leading center for blockchain excellence globally.”

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Mr. Mojtaba Asadian, Founder and CEO of IOPn, added: “IOPn builds on the visionary leadership of Ras Al Khaimah and the supporting environment created by RAK DAO to provide a unique opportunity for top-rated world talent to innovate and create value. IOPn is doing this by offering a powerful new Web 3.0 ecosystem and using the significant proven capabilities of Phoenix Group. We’re thrilled to be embarking upon this partnership with RAK DAO in collaboration with Phoenix Group.”

At the heart of this collaboration lies a commitment to access and nurture top-tier talent within the blockchain and Web3 industries. By enriching the local talent pool and fostering an environment conducive to innovation, RAK DAO, Phoenix Group and IOPN aim to drive forward-thinking initiatives that redefine the landscape and highlight the Emirate of Ras al Khaimah as an attractive destination for top talent. This six-year partnership and substantial investment underscore their dedication to stimulating innovation and attracting top-tier professionals.

 

The post RAK DAO Partners with Phoenix Group PLC (PHX) and Internet of People (IOPn) to Commit $100 Million Investment to Boost Web3 Innovation in Ras al Khaimah appeared first on HIPTHER Alerts.

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Blockchain

xPortal Enhances Solana Crypto-to-Cash Experience with New Ecosystem Integrations

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 xPortal, the ultimate financial super app for everything money, developed by the MultiversX team, is thrilled to announce significant enhancements to its platform, aimed at elevating the Solana ecosystem experience for both new and existing users.

These updates include the ability to top up xPortal Debit Cards with SOL, the listing of numerous SPL tokens, and the integration of leading SOL dApps in xPortal’s Discover section, the app’s multi-chain dApp hub. This development further cements xPortal’s role as a unique bridge between the digital and physical worlds, facilitating seamless transitions from crypto to cash for holders of top cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), MultiversX (EGLD), Solana (SOL), and Polygon (MATIC).

Starting today, xPortal users can effortlessly top-up their xPortal Debit Cards with their SOL holdings. This new feature allows Solana enthusiasts to use their crypto for shopping easily and manage their finances quickly, making it simpler than ever to transition from digital assets to real-world spending power.

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Additionally, xPortal now supports over 20 Solana-based SPL tokens, providing users with expanded opportunities to manage and interact with their favorite Solana assets. The new tokens available on xPortal include $PYTH, $IO, $JTO, $WIF, $BONK, $JUP, $RAY, $BOME, $HNT, $POPCAT, $BEER, $USDT, $USDC, $LINK, $LDO, $FTM, $RPL, $SUSHI, $DADDY, and $BODEN. This extensive list ensures that users can now enjoy a comprehensive Solana experience directly from the xPortal app, with more tokens being activated weekly.

The xPortal Discover section has also been enhanced with the addition of top-tier Solana decentralized applications (dApps). Users can now explore and interact with premier Solana dApps, including Jupiter Exchange, Raydium Protocol, and Kamino Finance.

Sergiu Biris, Head of Product at MultiversX and xPortal Lead, commented on the update: “These latest developments are a testament to our dedication to providing a complete experience for our users and represent a significant step forward in our mission to bring blockchain technology into the mainstream and make crypto payments the norm.”

“We’ve spent considerable time equipping xPortal with a unique set of features that make it stand out: unmatched simplicity and ease of use, beautifully abstracted complexity, the ability to bridge physical and digital realms, and many others. We’re excited to make access to all these features ecosystem-agnostic,” Biris added.

 

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The post xPortal Enhances Solana Crypto-to-Cash Experience with New Ecosystem Integrations appeared first on HIPTHER Alerts.

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Blockchain

ChainSwap Adds BNB Chain to Their Decentralised Exchange

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ChainSwap, a multi-chain decentralized exchange (DEX), has integrated BNB Chain into its platform, adding to its growing list of supported networks. The new integration will enable users to conduct transactions on the BNB network, with plans for cross-chain transactions in the near future.

The incorporation of BNB Chain has seen ChainSwap continue to expand its multi-chain DEX, cementing its commitment to provide users with a secure platform for seamless cross-chain transactions. This is enabled by Chainlink’s Cross-Chain Interoperability Protocol (CCIP), delivering unparalleled security and privacy for transactions taking place on the platform.

Fitzy, Founder and CEO of ChainSwap, was emphatic on the importance of the new integration: “Integrating the BNB chain on our network will help our users navigate Web 3 space, and plays into our mission of growing, and becoming increasingly interoperable”.

With plans to enable cross-chain transactions between BNB Chain and other leading blockchain networks, ChainSwap aims to further expand the utility of its seamless cross-chain transactions for users.

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The post ChainSwap Adds BNB Chain to Their Decentralised Exchange appeared first on HIPTHER Alerts.

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