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)

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.