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DeFiChain’s DFI Token Starts Trading on Huobi Global

The token listing was described as "another big step" for DeFiChain.

DeFiChain’s DFI Token Starts Trading on Huobi Global

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DeFiChain’s DFI token can now be purchased, sold and traded on leading crypto exchange Huobi Global.

“Another Big Step for DeFiChain”

DeFiChain, the world’s leading blockchain on the Bitcoin network dedicated to bringing decentralized financial applications and services to everyone, officially announces the listing of its native DFI token on Huobi Global, one of the world’s leading cryptocurrency exchanges.

DeFiChain is a decentralized Proof-of-Stake blockchain created as a hard fork of the Bitcoin network to enable advanced DeFi applications. It is dedicated to enabling fast, intelligent, and transparent decentralized financial services. DeFiChain offers liquidity mining, staking, decentralized assets, and decentralized loans.

The new token started trading against USDT on Huobi on July 25 at 06:00 (UTC), while DFI withdrawals are scheduled to open at 07:00 (UTC) on July 26. Traders and investors buying DFI on Huobi will be able to transfer the token to their DeFiChain wallet or wherever they want.

The DFI token is already available for trading on Kucoin, Bybit (ERC-20 format), Bittrex, Bitrue, Hotbit, and Bitpanda. DeFiChain Accelerator Marketing Director Benjamin Rauch stated that:

“Getting listed on Huobi is another big step for DeFiChain. We are happy that more and more big exchanges list DFI. Due to the variety of real world assets available on DeFiChain, more and more top tier exchanges are looking forward to listing DFI. With every additional listing it becomes easier for the masses to enter the world of native decentralized finance on DeFiChain.”

Founded in 2013, Huobi is one of the world’s leading cryptocurrency exchanges. The listing on Huobi will improve the accessibility of DFI among the global cryptocurrency user base. Huobi enables users to buy, sell, stake, and borrow a broad array of cryptocurrencies, providing an encompassing ecosystem for experienced crypto traders and investors.

Huobi was recently granted provisional approval by the Dubai Virtual Assets Regulatory Authority to offer virtual asset exchange products and services to pre-qualified investors and professional financial service providers.

The DFI token opens up the world to the DeFiChain ecosystem. It is at the core of all activities on the DeFiChain blockchain including providing liquidity in multiple pools and staking for blockchain consensus and security. It also serves as collateral to mint or borrow stock tokens and the dUSD stablecoin, as a reward token, and as a governance token.

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