Tag: DeFi

CEX.IO to Provide One-Click DeFi Access, Lists New Tokens, and Offers Instant 0% Fee Visa Deposits

LONDON, the United Kingdom, September 26 – CEX.IO, one of the leading international cryptocurrency exchanges, announces its plans for entering the decentralized finance (DeFi) market. To set the stage, CEX.IO lists major DeFi tokens on its exchange platform and offers instant, 0% fee Visa deposits to its customers for a limited time period. The UK-based company’s ultimate goal is to provide CEX.IO customers one-click access to the most popular DeFi solutions and activities, such as borrowing, lending, and yield farming, in the near future.

CEX.IO is listing the following tokens of major decentralized finance solutions on its cryptocurrency exchange platform:

  • UniSwap (UNI)
  • Aave (LEND)
  • Yearn.Finance (YFI)
  • Compound Finance (COMP)
  • Balancer (BAL)
  • Curve DAO Token (CRV)
  • Wrapped Bitcoin (WBTC)
  • SushiSwap (SUSHI)
  • Cream Finance (CREAM)
  • 0x (ZRX)
    and others.

Listing the tokens on the CEX.IO platform provides benefits for various participants of the digital asset market. While cryptocurrency enthusiasts can get involved

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Visa-Owned Plaid Has a Hidden Passion for DeFi

Plaid

Visa-owned fintech enabler Plaid, which connects traditional bank accounts to thousands of digital platforms, including crypto exchange Coinbase, is quietly working with at least two decentralized finance (DeFi) startups.

Plaid’s head of UK, Keith Grose, a former Google wallet builder, has a vision for how crypto (and DeFi) will evolve in tandem with the fintech revolution his company is said to be driving.

The firm currently has integrations with Dharma, the Uniswap-friendly DeFi wallet with early backing from Coinbase and others; Teller Finance, the DeFi startup looking to bring unsecured lending to the Ethereum blockchain; and potentially others.

Related: Stablecoins Hit $20B Milestone, a Nearly 300% Year-to-Date Surge

Open banking and DeFi may occupy quite different levels of digitization’s evolutionary ladder, but Grose sees a “common democratizing thesis” when it comes to accessing and using financial assets. 

“I think it’s still a long way before DeFi becomes part of

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Crypto.com and Boston Consulting Group (BCG) Release New Report on Decentralized Finance (DeFi)

Report indicates that although DeFi has the potential to disrupt traditional finance, leaders in incumbent financial services also have the opportunity to participate in and shape its impact on their businesses.

HONG KONG, Sept. 9, 2020 /PRNewswire/ — Decentralized Finance (DeFi) growth has been explosive. In the last year, the value locked into DeFi has increased 1500% to $8bn, according to DeFi Pulse. As analysts question how disruptive it will be to traditional finance, Crypto.com and Boston Consulting Group (BCG), have today, released a joint research report weighing the implications DeFi will have on centralised finance.

The Sudden Rise of DeFi: Opportunities and Risks for Financial Services (PRNewsfoto/Crypto.com)

“The Sudden Rise of DeFi: Opportunities and Risks for Financial Services” explores the factors driving the growth of the DeFi industry, which is an Open Finance movement built upon public programmable blockchains such as Ethereum. DeFi’s proponents expect

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What Happened to $1.2B DeFi Protocol SushiSwap Over the Weekend

SushiSwap investors were handed a raw deal over the weekend after the pseudonymous founder of the $1.27 billion, 1.5-week-old decentralized finance (DeFi) protocol cashed out.

A fork of DeFi darling Uniswap, SushiSwap is the brainchild of a pseudonymous founder, Chef Nomi, who took the former project an extra yard by adding rewards for providing liquidity to the exchange through a liquidity provider token (LP), called sushi (SUSHI), that earns a portion of the AMM’s revenue.

In essence, AMM’s provide the infrastructure to match lightly traded tokens with liquidity. A variant of other decentralized exchange (DEX) experiments, Uniswap has grown to be the largest AMM with volumes nearing those of centralized exchanges such as Coinbase Pro.

Related: SushiSwap Moved Up Its Massive Liquidity Withdrawal From Uniswap to This Weekend

The episode underscores the complexity, creativity and unpredictability of the white-hot DeFi space, where more than $8 billion worth of cryptocurrency is

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