Bitfinex and BitGlobal have announced the listing of the Concordium (CCD) token.
Bitfinex will be the first to start allowing crypto traders to trade the CCD token, beginning on February 10, 2022, at 10 AM CET. BitGlobal shall open CCD trading on February 11, 2022, at 10:00 AM CET.
Bitfinex was founded in 2012, making it one of the world’s oldest cryptocurrency exchanges. It offers a wide range of highly advanced crypto trading features including charting tools, as well as unparalleled customer support to its users.
BitGlobal on the other hand offers a user-friendly interface designed to enable users to trade, participate, or contribute to the crypto ecosystem with ease.
Traders on both BitGlobal and Bitfinex will be able to trade the CCD token against USDT, BTC, and ETH and the exchanges will start by only supporting spot trading.
What is Concordium (CCD) token?
Concordium (CCD) token, simply referred to as CCD token, is the native cryptocurrency of Concordium, which is a public proof-of-stake blockchain that has an inbuilt identification layer for regulatory requirements compliance.
As the native cryptocurrency of the Concordium blockchain, CCD allows users to interact with the blockchain. It is used for paying transaction fees to the validators that process transactions on the blockchain and also for paying on applications that use Concordium technology.
Most importantly, the CCD will power the Concordium ecosystem that is built with a special focus on regulated decentralized finance (DeFi) protocols. The fees charged on Concordium are deterministic; meaning they are known in advance and are stable in Euro-terms.
The CCD token is classified as a payment token by the Swiss Financial Market Supervisory Authority; meaning it can be used to settle on-chain transactions and all other DeFi use cases.
The Concordium Foundation also intends to implement a fair governance structure that will allow CCD token holders to vote for governance issues on the blockchain.
In the future, Conconrdium intends to have the CCD token listed on more crypto exchanges as it strives to increase the token’s liquidity and enable a wider utilization.