The Brazilian exchange Mercado Bitcoin announced on Wednesday (28) the listing of 18 tokens on its platform. The list released is entirely focused on the branch of decentralized finance (DeFi).
The announcement was made by the exchange’s treasurer, Bruno Milanello, during his presentation at the Crypto Week event.
According to Milanello, the crypto assets will be made available for trading throughout the month of May and may be traded in reais.
First, 13 DeFi tokens will be listed weekly, and then 5 utility tokens.
As Milanello pointed out, each of the protocols was studied for a long period of time before being announced by the platform.
The goal is to guarantee an “impeccable” experience for customers based on an internal curator.
DeFi tokens and Utility tokens reach the Bitcoin Market
In a statement shared with CriptoFácil, the Bitcoin Market detailed that many of the crypto assets on the list will be available on Brazilian platforms for the first time.
According to Fabrício Tota, director of New Businesses in the Bitcoin Market, the choices were based on the market tendencies. In addition, with the listing, the exchange aims to offer different types of investments to its customers:
“The Bitcoin Market has decided to increase its portfolio with these crypto assets, which, for the most part, are available for the first time on a Brazilian digital asset platform, and can be traded in reais.”
The exchange explained that DeFi tokens offer services similar to those of the traditional market, but in the cryptocurrency environment.
Milanello explained that the D marketeFi is still quite recent. But, in summary, they are financial investments that seek to eliminate intermediaries. In this sense, they enable access to a portfolio of more sophisticated products.
Utility tokens, on the other hand, are cryptographic built mainly on the Ethereum blockchain and have specific applications.
Check out the full list below:
DeFi: Uniswap (UNI), Yearn.Finance (YFI), Balancer (BAL), MakerDAO (MKR), Dai (DAI), Aave (AAVE), Curve (CRV), Compound (COMP), Syntethix (SNX), 0x ( ZRX), Ren (REN), Uma (UMA) and Kyber (KNC).
Utility Tokens: Basic Attention Token (BAT), Decentraland (MANA), Enjin Coin (ENJ), The Graph (GRT) and Axie Infinity (AXS).
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