Zug, Switzerland, July 20, 2022, chain wire
Today, tzBTC, a Tezos token, was listed on Bittrex Global, one of the safest digital asset exchanges in the world. Three other Tezos tokens, Sirius ($SIRS), Hummingbird ($KUSD) and youves ($YOU) will also be listed shortly. The availability for trading of tzBTC will be on July 21, 2022, the other tokens will follow in the next few weeks and will be announced via Bittrex Global official channels.
Bittrex Global continues to lead the digital asset industry as an innovative and secure provider, and the integration of Tezos supports its efforts to provide users with a world-class offering. Tezos, an energy-efficient blockchain, was one of the original proof-of-stake networks and is a leading choice for brands and institutions to power the Web3 revolution.
Tezos tokens listed include Sirius ($SIRS), a token that allows you to automatically participate in liquidity baking, a decentralized liquidity pool between Tez and tzBTC that provides protocol-level incentives. Liquidity Baking is a novel approach to bootstrapping liquidity for a layer-one protocol that uses a Constant Product Market-Making (CPMM) contract between two assets – tez and tzBTC – another asset to be listed by Bittrex Global today. uses. Each $SIRS token purchased on Bittrex Global represents participation in the liquidity pool between tez and tzBTC.
tzBTC delivers the power of Bitcoin as a token on the Tezos blockchain. The tzBTC token can be used in smart contracts and is part of the liquidity backing CPMM. The tzBTC system is managed by a decentralized governance group of financial institutions such as Bitcoin Suisse, Hex Trust, Komainu, Sygnum and others.
“We are pleased that Bittrex Global users can now also securely store their bitcoins on Tezos via tzBTC,” said Oliver Linch, CEO of Bittrex Global. “Token listings like tzBTC give the Bittrex Global community the opportunity to take advantage of Tezos’ low gas fees and also get involved in Tezos Liquidity Baking, or DeFi, fueling the exciting growth of the Tezos blockchain.”
Mason Edwards, Chief Commercial Officer, Tezos Foundation, commented, “The Tezos blockchain continues to support secure and robust tools used by developers and institutions around the world. Bittrex Global’s integration of Tezos tokens is another step in introducing the Tezos ecosystem for new token use cases and liquidity inflows.”
The Tezos ecosystem is a thriving community of developers and creators using easy-to-use developer tools to build powerful applications for the ecosystem of decentralized applications. Tezos apps benefit from low gas fees, cross-chain utility, efficient DEXs, busy NFT platforms, and more.
As the digital asset industry evolves, Bittrex Global remains one of the safest digital asset exchanges in the world. Bittrex Global serves a range of global retail and institutional clients with access to over 500 tokens and a range of services. Bittrex Global is a key player in driving the widespread adoption of secure and decentralized wealth building methods.
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About Tezos:
Tezos is smart money, redefining what it means to hold and exchange value in a digitally connected world. As a self-updating and energy-efficient proof-of-stake blockchain with a proven track record, Tezos seamlessly adopts tomorrow’s innovations today without network disruption. Visit www.tezos.com for more information.
About Bittrex Global:
Bittrex Global, the safest digital asset exchange in the world, serves both retail and institutional clients worldwide. Bittrex Global strives to help users build wealth, making it easy to buy and trade over 500 tokens. Through the use of cutting-edge technology, advanced security protocols and a sophisticated, elastic, multi-tiered wallet strategy, the company offers a premium experience for both professional and novice clients. Bittrex Global is a key player in driving the widespread adoption of secure and decentralized wealth accumulation methods while remaining compliant and compliant with the numerous regulatory measures around the world. Learn more: https://global.bittrex.com/
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