August 14 Bitfinex is among the first to list the highly anticipated SEI token
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Road Town, British Virgin Islands – August 14, 2023 – Bitfinex (www.bitfinex.com/), a cutting-edge digital token trading platform, announced today that it will list SEI, the native token of the Sei Network, an open source layer-1 blockchain. This will make Bitfinex one of the first exchanges to list the highly anticipated token.
Launched in 2022, Sei Network provides the infrastructure for trading applications of various kinds, including NFT markets, decentralized gaming exchanges (DEXs), and DeFi DEXs. While many layer-one blockchains are public networks designed to allow developers to craft several types of applications, Sei is designed specifically for trades.
The network's unique architecture includes a Twin-Turbo consensus mechanism, which, according to the company, enables the network to process up to 22,000 requests per second and finalize transactions in 600 milliseconds, making it one of the fastest blockchains to date. By integrating it with the order matching engine built into its system, Sei enables efficient scaling of trading applications, ensuring smooth and uninterrupted trading experiences across different exchanges.
SEI, the long-awaited network native token, comes to Bitfinex as a token that enables users to pay network fees and trading fees to exchanges on the blockchain. In addition, SEI token holders will be able to participate in any future administration of the protocol.
“The impressive speed and interoperability of the Sei Network specifically designed for trading bodes well for the future of DeFi,” said Henry Child, Head of Tokens at Bitfinex. “We are pleased to add SEI to the diverse and extensive list of tokens available on our exchange.”
The company consists of a team of former employees from Goldman Sachs, Google, Robinhood, Nvidia, and Databricks, and made news in April of this year by announcing that it had raised $30 million in two fundraising rounds, bringing the company's value to $800. million. Investors include Jump, Distributed Global, Multicoin, Ametric, Flow Traders, Hypersphere, and Bixin Ventures.
Bitfinex will open deposits for SEI on August 15 at approximately 10:00 AM UTC. SEI trading will begin on August 15 at approximately 12:00 PM UTC, in trading pairs against the US Dollar (USD) and Tether (USDt) tokens.
To access SEI on Bitfinex, customers can visit https://www.bitfinex.com/.
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About Bitfinex
Founded in 2012, Bitfinex is a digital token trading platform offering state-of-the-art services to traders and global liquidity providers. In addition to a range of advanced trading features and charting tools, Bitfinex provides access to peer-to-peer financing, an OTC market, and margin trading for a wide range of digital tokens. Bitfinex's strategy is focused on providing unparalleled support, tools and innovation to experienced traders and liquidity providers around the world. Visit www.bitfinex.com to learn more.
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