Bittrex Global Exchange Explores Listing of Tezos Ecosystem Tokens
Bittrex Global, a blockchain platform that provides real-time trading and industry-leading security and one of the world’s premier digital exchanges, announced today that the exchange is exploring the integration and listing of FA1.2 and FA2 tokens on Tezos, one of the leading proof-of-stake blockchains with a promising combination of energy-efficiency, low transaction fees, and seamless upgradeability. The announcement reflects a growing chorus of financial service institutions expressing their interest to offer digital financial products and long-term store of value on Tezos.
The Tezos blockchain protocol, a pioneer of Proof of Stake technology, is one of the original layer one blockchain networks to use staking to secure its network. Tezos benefits from low-gas fees, cross-chain utility, yield farming protocols, efficient DEXs, bustling NFT platforms, and more.
FA1.2 and FA2 are token standards on the Tezos blockchain that allow for the creation of unique assets relating to DeFi, NFTs, DAOs, and more. The integration and listing of FA1.2 and FA2 tokens on Bittrex would signify that a variety of tokens on the Tezos blockchain can be supported and integrated on the exchange.
Tezos has gained considerable popularity for its energy efficiency, low transaction fees, and institutional-grade security. With over 6 million contract calls in January, Tezos is one of the fastest-growing blockchain ecosystems. Active addresses on the network are at an all-time high of over 45,000, while active smart contract addresses have tripled from under 200,000 to over 600,000 over the past 12 months.
Notably, Tezos is one of the few blockchains in existence with on-chain governance, allowing community members to propose upgrades to the network to constantly evolve and meet the needs of its users without disrupting or splitting the network. To date, Tezos has seen more upgrades done through this on-chain mechanism than any other blockchain in existence.
As one of the world’s premier digital exchanges, Bittrex Global is committed to driving innovation in the digital asset space and is committed to giving promising projects the ability to raise funds, market and launch their IEO, distribute tokens and generate awareness for their project across the industry. Token listings from Bittrex Global follow a thorough review and close examination of project innovation, token issuer due diligence, token economics, supply unlock schedule, use of proceeds, project roadmap, strategic partnerships, market interest, and community engagement.
Founded in 2014 by three cybersecurity engineers: Bill Shihara (Co-founder & CEO), Richie Lei, Rami Kawach, and Ryan Hentz, Bittrex is the premier blockchain platform, providing lightning-fast trade execution, dependable digital wallets, and industry-leading security practices. We first covered Bittrex back in 2018 when the blockchain startup partnered with Invest.com to launch a new cryptocurrency trading platform.
Today, Bittrex Global is the most secure digital asset exchange in the world, serving both retail and institutional clients, globally. Bittrex Global helps users build wealth and also facilitates the purchase and trade of over 250 tokens. Through its use of cutting-edge technology, advanced security protocols, and a sophisticated elastic multi-stage wallet strategy the company provides a high-level experience for professional and novice customers alike. Bittrex Global is a key player in driving widespread adoption of secure and decentralized methods to building wealth while remaining compliant and adhering to the wide array of regulatory measures across the globe.
Tezos is the smart money, redefining what it means to hold and exchange value in a digitally connected world. A self-upgradable and energy-efficient Proof of Stake blockchain with a proven track record, Tezos seamlessly adopts tomorrow’s innovations without network disruptions today.