Bibox, a crypto exchange, stands as the latest of its kind to hop on the DeFi bandwagon. Bibox has now listed two new decentralized finance (DeFi) tokens in order to reaffirm its commitment to this new, rapidly expanding economy.
Listing MEME On Bibox
Yesterday marked when Bibox announced the listing of Meme (MEME), which stands as an experimental protocol mashing up the innovations in both crypto-collectibles and DeFi. Meme-inspired non-fungible token (NFTs). Meme’s protocol features governance, staking, crypto-collectibles, alongside fair distribution.
Bibox stands as one of the few exchanges that have come to list the token, with other small and big names such as Uniswap, Balancer, Mooniswap, 1inch, Poloniex, and Hoo.
As it stands now, MEME is ranked 270th of all crypto assets by market cap, sporting a market cap of more than $20 million and $2.5 million in 24-hour trading volumes. This data comes by way of CoinGecko.
Further Listings Made
Alongside this, Bibox had also listed Rarible, another non-fungible token that allows users to buy, mint, or sell various digital collectibles on the Ethereum blockchain. The native token of this marketplace is RARI, and serves as a governance token.
Just a day after, Bibox had listed WHALE, as well, which is described as the first-ever social currency with high-value assets underpinning its valuation. The statement made it clear that the token is still growing organically, doing so through exclusivity, scarcity, and market demand.
Massive Growth For DeFi And Bibox
The heavyweights of the crypto exchange space, OKEx, Binance, and the like, have also started to push into the DeFi space, but these big players focus mainly on the heavyweight tokens out there, as opposed to the little fish.
Bibox also has a presence within Europe, operating a regulated crypto exchange by the name of BiboxEurope. This exchange claims to have the lowest transaction fee out there: 2.9%. This competes against Binance and Coinbase, holding fees of 3.99% and 3.5%, respectively. BiboxEurope often imposes limits on crypto purchases by way of credit cards, as well, offering zero-fee deposits for its users while doing so
It was last year when this regulated fiat-to-crypto exchange had launched, and offered a fiat on-ramp for both Ethereum (ETH) and Bitcoin (BTC) through ETH/EUR and BTC/EUR trading pairs, respectively. Further trading pairs are available with the CHF and GBP, as well.