- deFIRE and Coin360 partner to provide reliable DEX prices on Cardano.
- The partnership could boost Cardano’s native token ecosystem.
- The partners are already exploring future collaborations.
Notably, deFIRE is built on Cardano and powered by Changelly. Also, the decentralized finance (DeFi) project aims to provide a distributed oracle service on Cardano. In addition, deFIRE’s low latency decentralized order router has the potential to rapidly boost Cardano’s native token ecosystem. This makes the DeFi project a critical asset to the already fast-growing Cardano network.
In addition, the partnership will help deFIRE expand its growing DeFi ecosystem and support more institutional order flow originators and retail traders. This is thanks to Coin360’s global reach and tools.
In fact, Coin360 specializes in tools like heatmaps, liquidity books, widgets, and charts. Coin360 tools are geared towards supporting novice traders as they learn how to trade. Also, the tools serve to assist expert traders in optimizing their strategies.
Prior to this, deFIRE successfully raised over $5 million through a pre-IDO funding round. The funding round drew interest from leading VCs like Morningstar, Cryptodromfund, and SwissBorg Ventures.
Of interest, Coin360 is one of the leading live data aggregators with a record of over 4.65 million visitors and a global ranking active user base. As such, deFIRE users will gain access to comprehensive and reliable crypto market data.
Furthermore, the partners have indicated that they intend to explore other collaborations and integrations. For instance, Coin360 could provide deFIRE users with execution services via its APIs.