- Bittrex Global plans to list Tezos ecosystem tokens.
- The exchange is exploring the integration and listing of FA1.2 and FA2 tokens on Tezos.
- The listing will signify that Bittrex Global supports a variety of tokens on the Tezos blockchain.
Bittrex Global Exchange makes it known that it is exploring the integration and listing of FA1.2 and FA2 tokens on Tezos. Seemingly, Bittrex is reinforcing its commitment to driving innovation in the digital asset space.
By all means, the integration and listing of FA1.2 and FA2 tokens is an attempt by Bittrex to prove that a variety of tokens on the Tezos blockchain can be supported on the exchange. It is also an indication that diverse tokens can be integrated into the exchange.
Basically, FA1.2 and FA2 are token standards on the Tezos blockchain that allow for the creation of unique assets based on DeFi, NFTs, DAOs, and more. Tezos regards itself as one of the original layer-1 blockchain networks to use staking to secure its network.
In fact, the Tezos team asserts that its blockchain has conducted more upgrades via its on-chain mechanism than any other blockchain in existence. According to a document sent to CoinQuora, Tezos reports that its active addresses on the network are at an all-time high of over 45,000.
In addition, Tezos claims its active smart contract addresses have tripled from below 200,000 to nearly 600,000 over the past 12 months. Going by this, Tezos has exhibited a considerable level of popularity due to its energy efficiency, low transaction fees, and institutional-grade security.
On the other hand, Bittrex Global opines that it is resolute on driving innovation in the digital asset space. Upon this, it is committed to allowing promising projects to raise funds, market, and launch their IEO. Besides, it will give them an avenue to distribute tokens and generate awareness for their project across the industry.
Above all, Bittrex Global asserts it intends to help users build wealth by facilitating the purchase and trading of more tokens in addition to its over 250 listed tokens. The listing will most likely benefit both ecosystems as they are keen on creating value in the cryptocurrency space.