news

bitcoin

1 X bitcoin bitcoin =

Monday

26 October 2020

Exclusive: Bithumb set to launch DeFi platform as a Polkadot Parachain

Exclusive: Bithumb set to launch DeFi platform as a Polkadot Parachain


smart summary beta

Bithumb, a major cryptocurrency exchange based in Korea, announced the upcoming launch of Clover, a blockchain platform targeted for decentralized finance and powered by Polkadot (DOT) technology.

The company says that Clover will be an open platform for DeFi applications, leveraging cross-chain capabilities and connecting decentralized finance to the centralized exchange.

“Bithumb will be the major investor/supporter for Clover, and we plan to use Bithumb as a custodian solution for cross-chain transactions before Polkadot decentralized solutions become available,” he said.

Li said that the company believes the next stage for DeFi is “transferring assets and value across different platforms,” and that Bithumb will contribute to advance the overall DeFi and Polkadot ecosystems.

Goto Full Article

bitcoin bitcoin price

$9106.76

24h

Live Average

bitcoin

News Article Sentiment

positive

Score (0)

Article Metadata

author

site

cointelegraph.com

categories

Market data feeds provided by cryptocompare.com
bitsmart 2018