BingX Announces Listing of Swarm Markets (SMT)

BingX exchange announces the listing of Swarm Markets (SMT) - a DeFi platform licensed by the Germany's Federal Financial Supervisory Authority (BaFin).

Bingx Announces Listing Of Swarm Markets (smt)

BingX Spot announces the listing of Swarm Markets (SMT) on April 25, 2024, at 10:00:00 (UTC+0).

  • Asset: SMT
  • Trading Pair: SMT/USDT SMT
  • Deposit Time: April 23, 2024, at 15:00:00 (UTC+0)
  • SMT Withdrawal Time: April 25, 2024, at 10:00:00 (UTC+0)

Register your BingX account here.

Introduction to Swarm Markets (SMT)

Swarm Markets
Swarm Markets

Launched on the Ethereum platform, Swarm Markets (SMT) stands out as the world’s first licensed digital currency of the Decentralized Finance (DeFi) platform. Also known as Swarm, this platform bridges the gap between traditional finance and the cryptocurrency world by providing a unified trading platform for various types of assets.

Swarm Markets serves both institutional investors such as banks, investment funds, and retail investors. The platform enables users to trade and invest in tokens representing real assets such as commodities, traditional securities, and even cryptocurrencies, all within a single environment. This unique combination opens up many opportunities for investors looking to participate in multiple layers of diverse assets.

One of the main highlights of Swarm Markets is regulatory compliance. Unlike many other DeFi platforms, Swarm has been licensed by the German Federal Financial Supervisory Authority (BaFin). This recognition ensures users a level of governance and pseudo-trust equivalent to traditional financial institutions. This is particularly appealing to organizations and investors wary of the volatility and risks often associated with DeFi.

Related: What is DeFi? Explore Decentralized Finance 2024

The SMT token plays a crucial role in Swarm’s ecosystem. It serves various purposes such as governance and transaction fee payments. SMT holders have the right to vote on proposals shaping the future development of the platform. Investing in SMT allows users to receive rewards for contributing to the security and liquidity of the network.

4.8/5

(5 votes)
  1. Avatar of Opajobi olaniyi ganiyu
    Opajobi olaniyi ganiyu

    🤩💯👍✅

  2. Avatar of Blezylhy08
    Blezylhy08

    interesting ✅

  3. Avatar of Jyuyisaba Abdallah
    Jyuyisaba Abdallah

    👍👍👍👍

  4. Avatar of Arowosebge
    Arowosebge

    good evening please I just want to know that my kyc is already done please I know that dumb

Comments are closed.

Latest

Azcnews Hbar Soars Over 100% In 7 Days Amid Positive News

News | Altcoin | Editor Choice

HBAR Soars Over 100% in 7 Days Amid Positive News

HBAR has surged more than 100% over the past 7 days, following positive news about BlackRock's money market fund (MMF) being deployed on Hedera's distributed ledger platform, as well as a partnership with SpaceX.

Bitwise Registers Solana Etf In Delaware

News | Altcoin | Policy & Regulations

Bitwise Registers Solana ETF in Delaware

Asset management firm Bitwise has just established a Solana ETF and registered it in the state of Delaware. The company will soon submit an official application to the SEC.

Azcnews What Caused Goat's Price To Drop 20% In Just 24 Hours

News | Altcoin | Editor Choice | Memecoin

What Caused GOAT’s Price to Drop 20% in Just 24 Hours?

The price of memecoin GOAT continues to plummet after reaching its peak, recording a drop of more than 20% in the past 24 hours, becoming one of the worst-performing coins on the market.

Trump Seeks To Appoint Crypto Specialist To His Administration

News | Editor Choice | Policy & Regulations

Trump Seeks to Appoint Crypto Specialist to His Administration

Donald Trump is looking for someone to appoint to a completely new position in the White House as a dedicated advisor on cryptocurrency.

Azcnews Bitcoin Nears $95k, Putting 100% Of Investors In Profit

News | Analytics | Bitcoin | Editor Choice

Bitcoin Nears $95K, Putting 100% of Investors in Profit

With Bitcoin at an all-time high, 100% of investors holding the coin are in profit.