Ethereum

Crypto.com Lists New Ethereum-Based Decentralized Exchange Token – The Daily Hodl

Singapore-based crypto exchange giant Crypto.com is listing a low-cap Ethereum-based hybrid liquidity decentralized exchange token.
In a new announcement, Crypto.com is introducing IDEX (IDEX), formerly AuroraDAO, for trading on the company’s app.
IDEX is a multi-blockchain decentralized exchange offering a non-custodial solution for trading digital assets. The IDEX token is used to secure the network and incentivize platform adoption.
According to the Crypto.com press release,
“IDEX is the first Hybrid Liquidity DEX that blends the best of centralized and decentralized exchanges, with the performance and features of a traditional order book and the security and liquidity of an automated market maker (AMM). 
Users benefit from not having to pay additional network costs for placing or canceling orders. Placements are also processed in real-time, enabling advanced trading. 
IDEX is an Ethereum token that powers the IDEX decentralized exchange. IDEX holders can stake tokens in order to help secure the protocol and earn rewards.”
While many new coin listings tend to spark rallies, the price action of IDEX is barely responding to the news.
IDEX is currently trading for $0.20, down 3.73% in the last 24 hours.
The hybrid decentralized exchange is the second new token Crypto.com has listed this year after last week’s addition of Oasis Network (ROSE).
Featured Image: Shutterstock/EVorona/Natalia Siiatovskaia
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options

By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos
Check your inbox for confirmation email.

Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology
Categories
BitcoinEthereumTrading
Ripple and XRP • Altcoins
Blockchain • Regulators
Scams • Crypto101HodlX •
Futuremash
Industry Announcements
ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT
JOIN US ON TELEGRAM
JOIN US ON TWITTER
JOIN US ON FACEBOOK
COPYRIGHT © 2017-2021 THE DAILY HODL
© 2020 The Daily Hodl
To provide the best experiences, we and our partners use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us and our partners to process personal data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Click below to consent to the above or make granular choices. Your choices will be applied to this site only. You can change your settings at any time, including withdrawing your consent, by using the toggles on the Cookie Policy, or by clicking on the manage consent button at the bottom of the screen.

source

What's your reaction?

Related Posts

Load More Posts Loading...No More Posts.