• About
  • Advertise
  • Privacy & Policy
  • Contact
NMSTCOIN
  • Bitcoin Exchange
  • Crypto Exchange
  • List Of Bitcoin Exchanges
No Result
View All Result
  • Bitcoin Exchange
  • Crypto Exchange
  • List Of Bitcoin Exchanges
No Result
View All Result
NMSTCOIN
No Result
View All Result
Home List Of Bitcoin Exchanges

CEXs Still Competing To List Tokens But DeFi Mining Support Will Be The Key

nmstcoin by nmstcoin
November 2, 2020
in List Of Bitcoin Exchanges
0
427
VIEWS
Share on FacebookShare on Twitter


Author profile picture

@alexzhaAlex Zha

Director of Global operations for MXC exchange, one of the largest digital asset exchanges in Asia.

LinkedIn social iconTwitter social icon

No one can deny the current success of decentralized finance, or DeFi. A lot of enthusiasts have shown a keen interest in exploring the yield farming aspect. Finding these projects at an early stage makes a world of difference. Slowly but surely, more exchanges provide access to DeFi mining at an early stage. 

The Ongoing DeFi Surge

With dozens of new DeFi projects and platforms every week, the industry has grown more competitive than ever before. At the same time, there are also a lot of rug pulls to watch out for. Investors cannot risk investing blindly into new projects getting listed on Uniwap or other AMM platforms. The best bet is to trust decentralized exchanges. 

It is no surprise the top DeFi platforms have not changed position all that much recently. Uniswap, Maker, Aave, Curve Finance, and Compound have always noted high ranks in terms of total value locked. Wrapped Bitcoin has recently entered the top three, but that is a bit of a unique platform. It provides users with a way to tokenize Bitcoin on Ethereum and explore DeFi offerings. 

As far as the newer projects are concerned, they face a tough battle to acquire a decent TVL level. That does not mean newer DeFi tokens cannot be successful, however. From a speculative point of view, the ones getting listed on centralized exchanges tend to note a value increase sooner rather than later.More specifically, the listings of new tokens combined with DeFi mining support are noting solid support from enthusiasts.

It is crucial for centralized exchanges to keep a finger on the pulse. Not just by enabling the trading of tokens, but also exploring innovative ways to let existing crypto holders experiment with DeFi mining. Being able to do so in a risk-free manner is what will eventually bring more attention to decentralized finance.

Centralized Exchanges and DeFi Mining mix Well

What makes all of the above even more remarkable is how CEXes and DeFi mining are coming together in a meaningful manner. It is not just about adding trading markets, but also providing access to the different yield farming and liquidity options.

As more and more platforms engage in serving as network validators and DeFi mining supporters, things are bound to get interesting. It has not made much impact on the decentralized finance landscape yet – at least where TVL is concerned – but the overall trend seems to foster innovation.

It is also interesting to see the support for DeFi solutions across different blockchain ecosystems. More specifically, decentralized finance is not just about Ethereum. TRON is also throwing its hat into the ring, and seemingly attracting a lot of attention in the process. There is also Binance Smart Chain, which is home to a fair few projects that could attract liquidity and volume. 

For exchanges, now is a crucial time to differentiate themselves from competitors. Getting to listing a token first is no longer sufficient. Providing accompanying services to make these DeFi projects accessible through one’s exchange account is the next frontier.

Author profile picture

Read my stories

Director of Global operations for MXC exchange, one of the largest digital asset exchanges in Asia.

Related

Tags





Source link

Previous Post

3 reasons Bitcoin dropped 2% in just 1 hour

Next Post

Ripple lets go 1,000,000,000 XRP valued at $240 million

nmstcoin

nmstcoin

Next Post
Ripple lets go 1,000,000,000 XRP valued at $240 million

Ripple lets go 1,000,000,000 XRP valued at $240 million

  • Trending
  • Comments
  • Latest
ShapeShift Review 2020 [UPDATED] Account Types, Pros & Cons

ShapeShift Review 2020 [UPDATED] Account Types, Pros & Cons

May 22, 2020
NSE Set to Host Sustainable Capital Markets Forum to Promote Green Finance in West Africa

NSE Set to Host Sustainable Capital Markets Forum to Promote Green Finance in West Africa

May 27, 2020
Binance.​US Launches OTC Trading Platform

Binance.​US Launches OTC Trading Platform

May 11, 2020
How to Choose the Best Exchanges and Brokers to Buy Bitcoin

How to Choose the Best Exchanges and Brokers to Buy Bitcoin

May 13, 2020
Bitcoin Dominance Is Making Investors Rich, Thanks to Crypto Hedge Funds

Bitcoin Dominance Is Making Investors Rich, Thanks to Crypto Hedge Funds

0
Buterin criticizes Bitcoin for centralisation and defends Ethereum | Fintech Zoom

Buterin criticizes Bitcoin for centralisation and defends Ethereum | Fintech Zoom

0
Is Bitcoin’s Lightning Community Able to Change Altcoin Use Instances? | Fintech Zoom

Is Bitcoin’s Lightning Community Able to Change Altcoin Use Instances? | Fintech Zoom

0
Bitcoin Briefly Topped $10,000; Bitcoin Exchange-Traded Product Now Live, Aye

Bitcoin Briefly Topped $10,000; Bitcoin Exchange-Traded Product Now Live, Aye

0
Ripple On Bearish Momentum: 7.92% Down In The Last 24 Hours

Ripple On Bearish Momentum: 7.92% Down In The Last 24 Hours

January 2, 2021
Japan Regulators Order Crypto Exchange to Improve AML Systems

Japan Regulators Order Crypto Exchange to Improve AML Systems

January 2, 2021
Ethereum On Bullish Momentum: 5.74% Up In The Last 6 Hours

Ethereum On Bullish Momentum: 5.74% Up In The Last 6 Hours

January 2, 2021
PayPal Brings Crypto to the Masses

PayPal Brings Crypto to the Masses

December 15, 2020

Recent News

Ripple On Bearish Momentum: 7.92% Down In The Last 24 Hours

Ripple On Bearish Momentum: 7.92% Down In The Last 24 Hours

January 2, 2021
Japan Regulators Order Crypto Exchange to Improve AML Systems

Japan Regulators Order Crypto Exchange to Improve AML Systems

January 2, 2021
Ethereum On Bullish Momentum: 5.74% Up In The Last 6 Hours

Ethereum On Bullish Momentum: 5.74% Up In The Last 6 Hours

January 2, 2021
PayPal Brings Crypto to the Masses

PayPal Brings Crypto to the Masses

December 15, 2020

Recent News

Ripple On Bearish Momentum: 7.92% Down In The Last 24 Hours

Ripple On Bearish Momentum: 7.92% Down In The Last 24 Hours

January 2, 2021
Japan Regulators Order Crypto Exchange to Improve AML Systems

Japan Regulators Order Crypto Exchange to Improve AML Systems

January 2, 2021

Browse by Category

  • Bitcoin Exchange
  • Crypto Exchange
  • List Of Bitcoin Exchanges

Follow Us

No Result
View All Result
  • About
  • Advertise
  • Privacy & Policy
  • Contact

No Result
View All Result

Terms and Conditions - Privacy Policy