Home > Concordium’s CCD token officially listed on Bitfinex and BitGlobal

Concordium’s CCD token officially listed on Bitfinex and BitGlobal

Bitfinex and BitGlobal will initially offer spot trading only, with pair against Bitcoin (BTC), Ethereum (ETH) and Tether (USDT)

CCD, the native token on the Concordium blockchain, has officially been listed on two of the world’s leading cryptocurrency exchanges, the public, proof-of-stake (PoS) platform just announced.

Per the blockchain platform’s press release, the CCD token is now live for trading on Bitfinex and BitGlobal and opens the opportunity for holders of the token to trade against Bitcoin (BTC), Ethereum (ETH) and leading stablecoin Tether (USDT).

Trading goes live on Bitfinex at 10:00 AM CET on Thursday, 10 February, while users of BitGlobal can access the service from 10:00 AM CET on 11 February.

The two exchanges will initially offer spot trading only, even as other trading features are added in the near future, the PR from Concordium noted.

According to the blockchain, there are plans to have the CCD tokens listed on more exchanges, which will increase its liquidity and allow for a wider utilisation within the ecosystem.

What is CCD used for?

Concordium’s CCD can be used in several ways apart from just being a native token that allows users to interact with the blockchain.

The token is used as a payment token as regulated under Switzerland’s Financial Supervisory Authority (FINMA). This means users can utilise their holdings to carry out on-chain transactions, have it as collateral, or pay fees as well as within the broader decentralised finance (DeFi) ecosystem.

As the network evolves, token holders will be able to use their CCD to participate in network governance.

As a whole, the token will in the future “power the vibrant ecosystems built on Concordium, with a special focus on Regulated DeFi, Decentralized Fintech, and innovation,” the platform said in the statement.

The PoS layer-1 blockchain supports smart contracts and non-fungible tokens (NFTs) and has partnered with the Fintech Association of Nigeria (FinTechNGR) as it looks to accelerate adoption and innovation across its blockchain ecosystem.

On Tuesday, institutional custody provider Copper.co became the first provider to offer custodial solutions for CCD. The company will also support staking solutions as well as secure cross-exchange trading solutions for the token.

Concordium (CCD) price

CCD price jumped on the news, reaching highs of $0.15 in intraday trades on Thursday before paring some of the gains. The CCD/USD pair is currently trading around $0.10, just over 14% up in the past 24 hours.

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