Recently, two major cryptocurrency exchanges announced listing news for various altcoin projects. Here are the details…
SHIB competitor is listed on this cryptocurrency exchange
Dubai-based crypto exchange Bybit has announced that it has added up to 12.5x leverage support for Floki Inu (FLOKI) perpetual futures contracts. Floki Inu’s Twitter account said that Bybit’s move is a sign that people are starting to look at its Dogecoin (DOGE) competitor. So he welcomed the development. The following statements were included in the tweet:
This is a BIG move that further legitimizes Floki and shows that key industry players continue to view the coin as a mature asset. NOTE: Leverage trading is very risky and volatile. You can lose all your money. Do not use leverage unless you are an experienced trader who knows what you are doing!
FLOKI partnered with Venus Protocol
Ahead of Bybit’s announcement, FLOKI made a big splash last week, rising 42 percent from a low of $0.000038 on February 22 to $0.000054 the next day. The 99th largest coin by market cap has since pulled back slightly and is trading at $0.000049 at the time of this writing, up over 3 percent in the last 24 hours.
Floki has been in some trouble lately. It has risen almost 100 percent from its $0.0000025 opening in February, beating SHIB and DOGE, which are struggling to make a sustainable rally this month. Last week, the team behind FLOKI announced its collaboration with Venus Project, the second largest decentralized finance (DeFi) ecosystem after BNB Chain. The collaboration allows FLOKI holders to use their coins as collateral to borrow other crypto assets.
KuCoin launches Conflux Core usage
On the other hand, KuCoin, another cryptocurrency exchange, made the announcement for Conflux. KuCoin has now opened the mainnet Conflux Core (CFXCORE) for CFX deposits. Users will be able to check the coin via Assets > Main Account > Deposit > CFX search. In the “Network” section, it can select Conflux Core (CFXCORE). As we have also reported as Kriptokoin.com, CFX has been a remarkable project with the rise of “Chinese coins” recently.
Conflux enables creators, communities and markets to connect across borders and protocols. Conflux is a layer-1 platform that enables parallel processing of blocks and transactions for increased throughput and scalability. The only regulatory, public and permissionless blockchain in China, Conflux connects decentralized economies to power the global DeFi ecosystem.
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