Bitfinex to Be One of First Exchanges to List BLAST, Native Token of Blast L2

Bitfinex will be one of the first exchanges to list Blast L2’s native token, BLAST.

Road Town, British Virgin Islands – June 24, 2024 – Bitfinex (https://www.bitfinex.com) today announced that it will be one of the first exchanges to list Ethereum (ETH) and BLAST, the native token of Blast, an Ethereum-based Layer 2 blockchain that offers native yield on stablecoins.

The famous NFT platform Blur ( Blur The token is also listed on Bitfinex. blast It is an EVM-compatible solution designed to address Ethereum’s scalability obstacles by reducing expenses while increasing transaction throughput.

Traditionally, managing staking requires active involvement from users. Blast removes this responsibility on behalf of users, assuming staking obligations within the ecosystem and differentiating itself as an L2 platform with built-in yields.

Once your assets are bridged to the Blast Network on the Ethereum mainchain, they will be seamlessly auto-staked and will begin accruing interest. Powered Blast’s intelligent contracts allow this interest to be pooled and then distributed to users in the form of ETH and stablecoins.

“Blast is an exciting project that offers customers the opportunity to earn revenue by staking digital assets. We are pleased to add Blast to our broad selection of token offerings for our customers,” said Gregory B. Henry Child, head of tokens at Bitfinex.

Deposits for BLAST will begin at approximately 2pm UTC on June 24th, 2024, subject to network conditions. Trading is expected to begin at approximately 3pm UTC on June 26th, 2024, subject to liquidity requirements being met. BLAST will be tradable against US Dollars (BLAST/USD) and Tether tokens (BLAST/USDt).

To access BLAST on Bitfinex, please visit: https://www.bitfinex.com/.

*All users of www.bitfinex.com are subject to the Bitfinex Terms of Use (“TOS”). U.S. Persons (as defined in the TOS) and other Prohibited Persons (as defined in the TOS) are strictly prohibited from directly or indirectly holding, possessing, or operating an Account (as defined in the TOS) at www.bitfinex.com.

About Bitfinex

Founded in 2012, Bitfinex is a digital token trading platform providing cutting-edge services for traders and global liquidity providers. In addition to a suite of advanced trading capabilities and charting tools, Bitfinex offers access to peer-to-peer financing, OTC markets and margin trading for a wide range of digital tokens. Bitfinex’s strategy is focused on providing unparalleled support, tools and innovation to experienced traders and liquidity providers around the world. For more information, please visit www.bitfinex.com.

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