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)
Listing the tokens on the CEX.IO platform provides benefits for various participants of the digital asset market. While cryptocurrency enthusiasts can get involved in the thriving $10 billion DeFi market, current participants can trade the tokens to hedge their risks, manage their exposure, and fix the value of their profit. Furthermore, the involvement of CEX.IO’s international user base of over 3 million customers adds a level of diversity to the DeFi industry’s participants.
For easier onboarding to the DeFi market and to show CEX.IO’s commitment, the cryptocurrency exchange offers instant, 0% fee Visa card deposits for its users as part of a limited promotional period lasting until the end of September. In addition to that, CEX.IO users can use their balance to trade not only the newly listed DeFi tokens but also any other assets on the platform.
“DeFi can offer many avenues to participate in the open financial system. A number of projects with sizable valuations that sprung into existence in a short period of time and accumulated an impressive amount of locked capital show that the interest is there. Yet the very participation in the DeFi economy remains technically complex. Our role here is to remove those hurdles”, – stated Oleksandr Lutskevych, CEX.IO’s founder and CEO.
CEX.IO has already shown its commitment to the DeFi industry by recently expanding its ecosystem with new crypto-finance solutions. Earlier in September, the UK-based firm launched CEX.IO Loan to allow its international user base to borrow against their digital asset holdings instantly without credit checks. In January, CEX.IO introduced its cryptocurrency staking service. With CEX.IO Staking, the exchange’s customers can earn rewards for holding digital assets in their exchange wallets. The service’s users receive the rewards as automatic payouts for nine different cryptocurrencies.
Founded in 2013, the London-based CEX.IO operates one of the largest international exchanges of the cryptocurrency market. With a multi-functional digital asset exchange and a team of over 250 professionals at offices in the UK, USA, Ukraine, Cyprus, and Gibraltar, CEX.IO serves over 3 million customers worldwide. As part of an ever-expanding ecosystem, CEX.IO suits the needs of various crypto market participants, from entry-level cryptocurrency users to professional traders as well as institutions and businesses, with a reliable, high-security digital asset service.
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