Blockchain.com listed Aave, YFI, and Polkadot to its wallet and exchange in an effort to support the DeFi industry as we can see more in our latest altcoin news today.
Crypto company Blockchain.com listed Aave, DOT, and YFI to its wallet and exchange while enabling users to hold, buy and store crypto with more than $620 billion transactions since 2013. With the latest additions, the company wants to build on the growing Defi space as product manager Amadeo Pellicce said that the DeFi momentum is “undeniable.” The head of growth at Phuture Charles Storry commented:
“Why is DeFi exciting? Look at the ownership breakdown, rewarding users and early contributors with tokens and allowing them to have vested interest in new financial systems . It’s the same as Uber or Airbnb giving away equity to early users of their systems.”
Polkadot is available to trade in both the Blockchain.com wallet and on its exchange with the company adding YFI and AAve to the wallet since they are already on the exchange. The listings represent a huge increase in accessibility for Polkadot, YFI, and Aave as Pellicce added:
Polkadot (DOT) is available to trade in both Blockchain.com’s wallet and on its exchange. The company has also added AAVE and YFI—already available on the exchange—to its wallet.
“Just to put this release into perspective, we’re bringing Polkadot, Aave and Yearn Finance to over 70m wallets and 31 million verified accounts. All of these will be available in our onramp infrastructure that’s live in 70+ countries.”
The news came after a busy period of hiring and fundraising on the platform and even last month the crypto company hired former Clinton and Obama staffers Jim Messina and Lane Kassleman. Blockchain.com also raised $300M at a $5.2 billion valuations and one month earlier, the company raised $120 million in a strategic funding round. Polkadot is a multi-chain network that is designed to connect specialized blockchains into one unified network via the use of “parachains.” According to Kraken, Polkadot raised about $200 million from investors across sales of the DOT cryptocurrency. Aave on the other hand is a decentralized protocol where users participate as depositors and borrowers. YFI is the native token of Yearn Finance which is an aggregator of various lending protocols.
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