BTC $42129.14 (-3.7%)
ETH $2921.01 (-5.3%)
USDT $1.00 (-0.0%)
BCH $487.79 (-3.5%)
BSV $127.57 (-0.4%)
LTC $145.52 (-4.5%)
BNB $336.31 (-3.9%)
ADA $2.12 (-4.6%)
DOGE $0.20 (-2.9%)
BTC $42129.14 (-3.7%)
ETH $2921.01 (-5.3%)
USDT $1.00 (-0.0%)
BCH $487.79 (-3.5%)
BSV $127.57 (-0.4%)
LTC $145.52 (-4.5%)
BNB $336.31 (-3.9%)
ADA $2.12 (-4.6%)
DOGE $0.20 (-2.9%)

BitMax Integrates DeFi Protocol, Lists USDX and HARD Tokens

BitMax Integrates DeFi Protocol, Lists USDX and HARD Tokens
  • Crypto exchange BitMax lists Kava’s USDX and HARD tokens.
  • Hard protocol is the first cross-chain DeFi money market integrated in the BitMax exchange.
  • DeFi market’s total value locked (TVL) amounts to over $12.5 billion.

BitMax is a Singapore-based exchange that supports most of the biggest cryptocurrencies. It offers over 190 trading pairs and enables trading to different altcoins, stablecoins, and platform tokens. On the other hand, BitMax also offers leverage trading to its users. Hence, the users can borrow money from the exchange for trading with a low-interest rate.

Recently, BitMax announced its listing of Kava’s USDX and HARD Tokens. The pool for USDX tokens opens on the same day. Meanwhile, the HARD pool opens its doors for its users on November 9, at 10:00 am (EST).

The integration of the HARD protocol in the BitMax exchange is one factor that triggers the token listing. In addition, the Hard protocol is the first cross-chain DeFi money market integrated in the BitMax exchange. Today, HARD tokens trade at a fair price of $0.68 while USDX currently trades at $0.99.

Moreover, the DeFi space maintains its position in the market with a total value locked (TVL) above $1 billion. Currently, DeFi space TVL amounts to over $12.5 billion, with a growth rate of 14.56% in the past seven days. If this goes on, the DeFi space might have the potential to attract more investors in and out of the crypto world.

More so, the report says the DeFi space has added a whopping amount of $1.32 billion TVL in its smart contracts within one week. This is a sign that the DeFi space is on fire and shows no sign of stopping despite the market depression today.

A dedicated market analyst focused on the highs and lows of the cryptocurrency market. With a background in Business Administration, he tries to unfold his financial perspective to global readers.