Bitfinex, the famous cryptocurrency exchange, announced that it will list a new altcoin in its recent announcement. The name of the altcoin that the exchange will list is Velo (VELO). Here are the details of the explanation of the stock market…
Bitfinex lists a new altcoin
The cryptocurrency exchange will list Velo (VELO). Coin deposit processes were opened at 17:00 yesterday. VELO trading will begin on August 21, 2021, at 12:00. VELO will be available for trading with the US dollar (VELO/USD) and Tether (VELO/USDT) pairs. Cryptocoin. com
As we have previously reported as , Bitfinex had previously listed the Ocean Protocol (OCEAN).
What is Velo (VELO)?
According to their website, Velo’s goal is to “create a decentralized negotiation network that allows its Trusted Partners to faithfully transfer fees to each other in a timely and transparent manner. Velo’s primary focus will be on its remittance and money transfer partners in Southeast Asia, followed by the wider Asia Pacific region and beyond.
VELO is trading at $0.602 at the time of writing. While it’s down 0.8 percent in the last 24 hours, it’s gaining 64.1 percent on a 7-day scale. The cryptocurrency reached its all-time high of $2.29 on March 8, 2021. Since the record level, it seems to have experienced a cost loss of 73.6 percent.
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