Bitfinex Continues to Add New Assets Ahead of Ethfinex Launch

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10 Jan 2018, 11:57

Bitfinex listed an array of up and coming tokens on the exchange, with an expectation of building a marketplace for Ethereum assets.
This year may be the Year of Ethereum, as Bitfinex loads up more tokens to its trading books, allowing them a test period for establishing liquidity. 
The exchange tweeted the latest batch of tokens: 
We’re pleased to announce the addition of BAT, ZRX, FUN, MANA, SPANK & TNB, tradable against BTC, ETH & USD. https://t.co/luINnBUkgh pic.twitter.com/kTWwlA88qS
Basic Attention(BAT) offers a tokenization of user behavior and rewards for ad viewing and data sharing. 
0x (ZRX) jumped by more than 50% overnight on the news, growing to $2.02. The project promises to build the much-needed decentralized exchange infrastructure.

FunFair (FUN), which until recently traded around $0.04, but jumped toward $0.20, is a platform for online casinos based on HTML5 and tokenized with the FUN digital asset.

Decentraland (MANA) has appreciated by 123% this week, up 25% in the past day to $0.24. Decentraland is a virtual land platform where plots are sold at auctions for MANA tokens.

SpankChain (SPANK) is a coin especially created for the adult industry. The coin grew by 120% in a week to $0.48.
Time New Bank (TNB) is a network for monitoring time value. The coin has also grown to all-time peaks and now trades around $0.25. 
All of the above assets have a strong upward potential. Bitfinex will monitor their liquidity, and then add leverage to the price by means of margin trading. This mechanism has received criticism for distorting the price, especially if extra liquidity in the form of USDT is injected. 
For now, the newly minted USDT and EURT Ethereum tokens are inactive, but they may serve a role once the above assets, plus Status Network (SNT) and Golem(GNT) migrate to Ethfinex. 

The latest bout of ICOs has seen a glut of assets, as the market infrastructure ran out of exchanges and Bitfinex closed for new accounts creation. 
Source : cryptovest.com


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