Stacks is designed to unlock Bitcoin’s full potential by enabling smart contracts and dApps to utilise the security, stability, and network effects of the Bitcoin blockchain reflecting its expanding user base of investors; the Stacks ecosystem has 1.5 billion STX tokens in circulation and a current market cap of $1.11B. STX is the native token of the Stacks network. It fuels smart contracts for Bitcoin, can be used across NFT marketplaces and DeFi applications in the Stacks ecosystem, and is awarded to miners on the open Stacks network.
“We’re pleased to add STX to our diverse range of token offerings on Bitfinex,” said Anoush Bhasin, Head of Listings at Bitfinex. “This listing expands our support for innovative technologies, giving our customers access to Stacks’ unique ability to extend Bitcoin’s functionality through smart contracts and decentralised applications.”
Deposits for STX are expected to open at approximately 2:00 PM UTC on April 9, subject to network conditions. Trading is planned to commence at approximately 2:00 PM UTC on April 10, contingent upon liquidity requirements being met. STX will be tradable against US Dollars (STX/USD) and Tether tokens (STX/USDt).
To obtain access to STX on Bitfinex, customers can visit https://www.bitfinex.com/?refcode=0bC4Lljc.
*All users of www.bitfinex.com are subject to Bitfinex’s terms of service (“TOS”). Please note that U.S. persons (as defined in the TOS), among other prohibited persons (as defined in the TOS), are strictly prohibited from directly or indirectly holding, owning or operating an Account (as defined in the TOS) on www.bitfinex.com.
About Bitfinex
Founded in 2012, Bitfinex is a digital token trading platform offering state-of-the-art services for traders and global liquidity providers. In addition to a suite of advanced trading features and charting tools, Bitfinex provides access to peer-to-peer financing, an OTC market and margin trading for a wide selection of digital tokens. Bitfinex’s strategy focuses on providing unparalleled support, tools, and innovation for experienced traders and liquidity providers around the world. Visit www.bitfinex.com to learn more.
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