April 02 Bitfinex is among the first to list Ethena Labs' ENA token
Road Town, British Virgin Islands – March 29, 2024 – Bitfinex (https://www.bitfinex.com/), a leading digital asset trading platform, announced today that it will be among the first exchanges to list ENA, Ethena Labs' native token. Ethena is an Ethereum-based protocol that provides a native crypto-money solution that does not rely on the infrastructure of the traditional banking system, along with a globally accessible dollar savings instrument – “cyberbonds”.
Ethena Labs is a decentralized finance (DeFi) protocol that aims to redefine the decentralized finance landscape. At the heart of their ecosystem is the ENA token, their native cryptocurrency. Ethena Labs recently began a large distribution of 750 million ENA tokens, furthering its commitment to community engagement and rewarding customer participation in DeFi initiatives.
The ENA token serves multiple pivotal roles within the Ethena ecosystem. It functions primarily as a governance token, giving its holders the ability to participate in the decision-making processes that shape the future of the protocol. In addition, the ENA token plays a crucial role in stimulating and facilitating the growth and development of the ecosystem, ensuring the sustainability and vitality of the DeFi platform.
“Ethena’s future solutions like ENA and ‘Internet Bond’ play a huge role in the evolution of the DeFi space. We are excited to add ENA to our diverse list of token offerings.” said Henry Child, Head of Tokens at Bitfinex.
ENA deposits are expected to open at approximately 08:30 AM UTC on April 02, 2024, subject to network conditions. Trading is expected to commence at approximately 12:00 PM UTC on 02 April 2024, subject to liquidity requirements being met. ENA will be tradable against the US dollar (ENA/USD) and Tether tokens (ENA/USDt).
To access ENA 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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