A tool that helps owners optimize their returns altcoinstarted to rise rapidly after receiving support from two important cryptocurrency exchanges.
Convex Finance (CVX)is a decentralized finance (DeFi) protocol built on the stablecoin exchange Curve Finance (CRV). Its native token is used for staking, liquidity mining and voting.
Both Binance and Huobi Global crypto exchanges have added CVX to their lists, helping the altcoin rise. CVX, trading at $40.61 at the time of writing, gained over 19.2% on the day.
The token will be located in Binance’s “Innovation Zone” and Huobi’s “Pioneer Zone”, which are specialized trading spaces that offer crypto assets sensitive to price volatility.
Huobi stated that spot trading on the CVX/USDT trading pair will start as soon as possible if favorable liquidity conditions are met.
In addition, Binance has acquired approximately $47 million worth of Ethereum (ETH) to purchase one of the few remaining first editions of the US Constitution currently at auction, ConstitutionDAO (PEOPLE), a patriotic decentralized autonomous organization (DAO) that crowdfunds. ) announced the addition. The group’s efforts failed due to a higher bid from an unknown buyer.
Binance stated the following about the project:
“The PEOPLE token now represents a historically significant DAO movement. Because the founding team chose to close the project and burned the multi-signatures controlling the fundraising [tokenin] There is no clear use case.”
PEOPLE, rebounded after the listing and is now trading at $0.15, up over 10%.
Binance stated that both CVX and PEOPLE will be available for Bitcoin (BTC), Binance USD (BUSD) and USDT trading pairs.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.