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- Bitfinex will commence CHEX trade in the CHEX/USD trading pair at $0.07 on May 20, 9:00 a.m. (UTC)
- CHEX is trading at $0.055 with a self-reported market cap of $55M and a circulating supply of 998.8M tokens
- Currently, CHEX trade is available on Newdex in the CHEX/EOS trading pair, while CHEX/USN is expected to be added soon
Bitfinex, the Hong Kong-based cryptocurrency exchange owned and operated by iFinex Inc., is listing Chintai (CHEX) on its platform. Announced Tuesday on the exchange’s official website, it has already initiated the CHEX deposits at 12:30 p.m. (UTC) the same day and plans to commence the coin’s trade in the CHEX/USD trading pair at $0.07 each on May 20, 9:00 a.m. (UTC).
Chintai Network Services
Chintai (CHEX) is an EOS blockchain-based utility token issued by its namesake fintech firm, Chintai Network Services Pte Ltd., which, according to Yahoo Finance, is “The Shopify of Regulated Assets on Blockchain.” The Singapore-based service provider offers aid in custody, issuance and secondary trading of tokenized securities and other digital assets. In simpler terms, Chintai is a fully functional decentralized resource exchange that leases digital resources with enhanced end-user experience, lower cost barriers for developers, and novel passive income streams. It operates on its native token, CHEX, to extend the benefits across the blockchain industry.
Cryptocurrency CHEX
According to data from CoinMarketCap, CHEX entered the crypto market on February 20, around 8:00 p.m. (UTC) at $0.0042. It is currently trading at $0.055057 with a 24-hour trading volume of $92,877.76. Its self-reported market cap is almost $55 million ($54,993,529), with a circulating supply of 998.8 million (998,842,584) tokens.
Currently, CHEX trade is available on Newdex, the first global EOS-based DEX (decentralized exchange), in CHEX/EOS as one of the 31 confirmed trading pairs available on the platform, and CHEX/USN as one of the 54 pending. On the other hand, Bitfinex offers over 303 trading pairs in more than 155 tokens, plus CHEX/USD as one of the 29 pending.
As per Bitfinex’s Social Metrics, there have already been more than 241 social media mentions of CHEX within just a handful of hours today, i.e., around 30% of 928, the maximum CHEX Social Mentions witnessed on April 20.
Crypto Exchange Bitfinex
Bitfinex is a Hong Kong-based cryptocurrency exchange founded in December 2012 as a peer-to-peer bitcoin (BTC) exchange and gradually proceeded to offer digital asset trading services, for both BTC and altcoins, to users worldwide. It provides advanced services for cryptocurrency traders and liquidity providers. After overcoming several controversial setbacks, including an altogether shut down following the August 2016 security breach and the not-so-humble banking relationships it is still suffering from, Bitfinex today holds digital assets worth more than $3.8 billion.
Driven by the rising crypto craze, $CHEX and #Bitfinex has overtaken crypto Twitter and other social media; subsequently, Chintai’s Bitfinex-listing announcement is sure to make waves. Now only time will tell what the combination of the world’s leading digital asset trading platform, Bitfinex and the digital asset technology for capital markets, Chintai Network results in.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
