Cryptocurrencies are undeniably gaining recognition in the mainstream, and traders of all levels are entering this field. With various new projects and tokens regularly entering the market, the adoption of cryptocurrencies is undoubtedly increasing. In fact, the number of people owning cryptocurrency nearly doubled at the beginning of the year, reaching nearly 220 million, and in 2021, more funds were poured into the market than the previous five years combined.
Phemex, Singapore’s top cryptocurrency exchange, is aware that the cryptocurrency markets are constantly growing. The platform announced the addition of 55 new cryptocurrencies to trading pairs in response to the growing demand for investment opportunities within the crypto community. Among them are many popular cryptocurrencies, as well as some promising tokens that have the potential to have a significant impact on the crypto space. A few of the coins listed on Phemex
With this new listing, Phemex gives traders and crypto enthusiasts access to some of the most popular cryptocurrencies on the market.
The Avalanche blockchain was developed in 2020 by Ava Labs, a firm founded by Emin Gün Sirer, a leading cryptocurrency advocate and professor at Cornell University. The Avalanche network offers developers numerous advantages over other decentralized smart contract-enabled Proof-of-Stake blockchains, including higher throughput, dedicated, scalable VMs, and under 1 second of accuracy.
The Avalanche ecosystem has grown in recent years to include decentralized exchanges, synthetic assets, prediction markets, stablecoins, ILOs, and private securities. The Avalanche project is creating excitement in the crypto community and has the potential to become a much bigger player in the broader decentralized finance space thanks to its groundbreaking consensus protocol and unprecedented decentralization.
Here are some of the major coins to list:Avalanche (AVAX)
Avalanche (AVAX) is a smart contract blockchain platform that focuses on fast transaction speeds, eco-friendly performance, and low costs. The Avalanche ecosystem consists of three blockchains, each of which is a parallel blockchain specializing in different transactions.
The distribution of tasks across chains helps the Avalanche platform remain agile, allowing it to solve the blockchain triad, one of the most important problems in the DLT industry, creating a decentralized, secure and scalable network. Trader Joe (JOE)
Trader Joe (JOE) is a decentralized finance (DeFi) protocol that continues to uncover new developments. As an AMM-based DEX built on the Avalanche blockchain, the primary goal of the project is to provide a clearing and trading service, but Trader Joe also provides other core DeFi features such as staking, yield farming, and lending. Stargate (STG)
Stargate (STG) is a cross-chain bridge built on the LayerZero protocol that enables local asset transfers between different blockchain networks.
The protocol is designed to eliminate the need for wrapped tokens and allows users to send tokens directly to blockchains that do not support related assets. The protocol is built around pools of combined liquidity that are shared between chains. Stargate’s goal is to make inter-chain bridging a seamless process that requires only a single transaction. Ethereum Classic (ETC)
Ethereum Classic (ETC) was released as a hard fork of the Ethereum (ETH) network following a community dispute that occurred after the DAO hack in 2016.
The blockchain uses the Proof-of-Work protocol to verify transactions that require computing resources for ETC mining, and can continue to provide a revenue generating path for ETH miners who are not too keen on Ethereum’s transition to Proof-of-Stake. Dash (DASH)
Dash makes it possible to make cheap and fast payments anywhere in the world. The project consists of a two-tier network structure. The first layer is a proof-of-work (PoW) system in which mining devices solve complex mathematical operations to verify transactions.
The second layer contains the master nodes. Anyone who proves to own 1,000 Dash can operate a master node. These master nodes are responsible for Dash’s InstantSend and CoinJoin features, and are also allowed to vote on governance and funding proposals.
Visit Phemex’s website to see the full list of new cryptocurrencies being added. Start trading with Phemex
Phemex gives traders and investors the opportunity to diversify their portfolios with a variety of assets. Besides the market’s leading trading pairs available on the Phemex platform, you can now also trade 59 tokens, including some of the most popular cryptocurrencies on the market.
To celebrate their new listing, Phemex is launching the AVAXPress campaign, where users can earn AVAX through spot trading.
With advanced trading features and a dedicated academy portal to help new traders get started, Phmex is committed to providing a great trading experience for all types of traders. It offers 24/7 customer service, a great community, and a wide range of tools to help you get the most out of your trading journey. Don’t miss the opportunity to trade some of the most exciting coins on the market.