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Bitfinex and BitGlobal announce Concordium (CCD) token listing



Bitfinex and BitGlobal have announced the listing of the Concordium (CCD) token.


Bitfinex will be the first to allow crypto traders to trade the CCD token starting February 10, 2022 at 10:00 a.m. CET. BitGlobal opens CCD trading on February 11, 2022 at 10:00 CET.


Founded in 2012, Bitfinex is one of the oldest cryptocurrency exchanges in the world. It offers its users a wide range of sophisticated crypto trading features, including charting tools, along with unparalleled customer support.


BitGlobal, on the other hand, offers a user-friendly interface that allows users to trade, participate, or contribute to the crypto ecosystem with ease.


Traders on BitGlobal and Bitfinex can trade the CCD token against USDT, BTC, and ETH, and the exchanges will initially only support spot trading.


What is the Concordium (CCD) token?

Concordium (CCD) token, simply referred to as CCD token, is the native cryptocurrency of Concordium, a proof-of-stake public blockchain that has a built-in identification layer for regulatory compliance.


As the native cryptocurrency of the Concordium blockchain, CCD allows users to interact with the blockchain. It is used for paying transaction fees to the validators that process transactions on the blockchain and also for paying applications using Concordium technology.


Most importantly, the CCD powers the Concordium ecosystem, which is built with a particular focus on regulated decentralized finance (DeFi) protocols. The fees charged on Concordium are deterministic. That is, they are known in advance and stable in euros.


The CCD token is classified as a payment token by the Swiss Financial Market Supervisory Authority. That means it can be used to settle on-chain transactions and all other DeFi use cases.


The Concordium Foundation also intends to implement a fair governance structure that will allow CCD token holders to vote on governance issues on the blockchain.


Going forward, Conconrdium intends to list the CCD token on more crypto exchanges as it aims to increase the token's liquidity and allow for wider usage.

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