• About
  • Advertise
  • Contact
Cryptopolitan
  • Home
  • News
    • Bitcoin
    • Binance
    • Ripple
    • Ethereum
    • Cardano
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Cardano Price
    • Binance Coin Price
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
  • Home
  • News
    • Bitcoin
    • Binance
    • Ripple
    • Ethereum
    • Cardano
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Cardano Price
    • Binance Coin Price
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
No Result
View All Result
Home News Altcoin News

Another DeFi boom? Balancer token now listed on FTX exchange

Ibiam Wayas by Ibiam Wayas
June 25, 2020
in Altcoin News
2 min read
Binance Coin and BSC transaction records new ATH
585
SHARES
3.2k
VIEWS
Share on FacebookShare on Twitter

Decentralized finance (DeFi) has been gaining more popularity with every proceeding time, with the latest trending platform being Compound. Another DeFi platform dubbed Balancer is heading to the limelight, despite the fact that it was recently launched. Today, its governance token has been listed on FTX exchange.

FTX exchange list Balancer token (BAL)

According to a report on Thursday, Hong Kong-based digital currency exchange said it had listed the Balancer token, which trades with “BAL” ticker. It’s worth noting that the Balancer token distribution was officially conducted a few days ago. Perhaps, it’s one of the governance tokens that will be earned by DeFi app’s users.

The listing of Balancer token adds to the available governance tokens on FTX, which includes COMP, the native token of Compound. While explaining the reason behind the listing of the Balancer token, the founder of FTX exchange said they see high interest and demand for BAL trading.

RelatedPosts

Uniswap price prediction: UNI/USD stuck at $30 as bullish momentum wanes

Stellar Price Prediction: XLM moving nearer to 20% price appreciation

SushiSwap price prediction: SushiSwap breaks below $14, bearish momentum to continue?

Stellar Price Prediction: XLM rally might develop another 30% price surge

DeFi is gaining more attention

Balancer is a portfolio manager and a decentralized crypto exchange (DEX). The platform was launched sometime in March 2020; however, it has grown to become one of the popular DeFi platforms on Ethereum. As mentioned earlier, the Balancer tokens were only distributed this week.

The trading of BAL was supported on Balancer’s exchange, including Uniswap, later after the distribution. At that time, the token’s price surged a digit mark ($7) to double digits ($22), per the report. However, BAL price has dropped to $12 at the time of writing.

Similarly, the governance token of DeFi platform, Compound posted decent volumes on FTX, which was reportedly the first exchange to list COMP. Later, other popular cryptocurrency exchanges such as Binance, and Coinbase Pro went on to list the token.

Tags: Digital Currency
Ibiam Wayas

Ibiam Wayas

Ibiam is an optimistic crypto journalist. Five years from now, he sees himself establishing a unique crypto media outlet that will breach the gap between the crypto world and the general public. He loves to associate with like-minded individuals and collaborate with them on similar projects. He spends much of his time honing his writing and critical thinking skills.

Related Posts

Uniswap price prediction UNIUSD stuck at $30 as bullish momentum wanes
Altcoin News

Uniswap price prediction: UNI/USD stuck at $30 as bullish momentum wanes

April 9, 2021
Stellar Price Prediction
Altcoin News

Stellar Price Prediction: XLM moving nearer to 20% price appreciation

April 8, 2021
SushiSwap Price Prediction 2021-04-07
Altcoin News

SushiSwap price prediction: SushiSwap breaks below $14, bearish momentum to continue?

April 7, 2021
Stellar Price Prediction
Altcoin News

Stellar Price Prediction: XLM rally might develop another 30% price surge

April 7, 2021
BTT price
Altcoin News

BTT price falls by 40% after impressive upward movement

April 6, 2021
Tether plans to extend USDT stablecoin to Kusama and Polkadot
Altcoin News

Tether plans to extend USDT to Kusama and Polkadot

April 6, 2021

Follow Us

  • 51k Fans
  • 8.3k Followers

Latest News

Binance coin

Binance coin surges as Nasdaq prepares for Coinbase listing

April 12, 2021
Chainlink Price Prediction 2021-04-12

Chainlink price prediction: Chainlink continues trending higher, preparest to test resistance at $35

April 12, 2021
Binance Coin price

Binance Coin price prediction: BNB to face rejection at $600 as bulls stumble

April 12, 2021
Ripple Price Prediction 2021-04-12

Ripple price prediction: Ripple retraces after setting ATH at $1.50, further downside expected today

April 12, 2021
How PKT Cash Provides an Economic Incentive for People to Connect Bandwidth to the Decentralized PKT Network 1

How PKT Cash Provides an Economic Incentive for People to Connect Bandwidth to the Decentralized PKT Network

April 12, 2021

Signup To The Daily Roundup

Get New Posts By Email:
Privacy Policy

Got a Story tip? Email Contact@Cryptopolitan.com

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News
Bitcoin Price
Ethereum Price
Bitcoin Cash Price
Cardano Price
Dash Price

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker
Sitemap

Exclusive Partners of

Footer 2

Got a Story tip? Email Contact@Cryptopolitan.com

cryptopolitan 1

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News
Bitcoin Price
Ethereum Price
Bitcoin Cash Price
Cardano Price
Dash Price

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker

Cryptopolitan brings you quality Blockchain and Cryptocurrency news, ICO reviews, crypto technical analysis, and other unique news insiders. We cover Bitcoin news, altcoins news, blockchain projects news, ICO news, regulatory developments and the confluence of news on the leading blockchain technologies.

© 2021 Cryptopolitan. All rights reserved. Terms | Privacy

No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Binance
    • Ripple
    • Ethereum
    • Cardano
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Cardano Price
    • Binance Coin Price
  • Research
  • Scam
  • Events

Copyright © 2020 Cryptopolitan.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.