Bitfinex Among First Exchanges to List TAIKO, Native Token of Taiko

ROAD TOWN, British Virgin Islands – 3rd June, 2024 – Bitfinex (https://www.bitfinex.com), a premier digital asset trading platform, announced today that it will be one of the first exchanges to list TAIKO, the native token of Taiko, an Ethereum-based layer-2 network focused on scalability.

First launched in 2022, Taiko is an Ethereum-equivalent ZK-Rollup, meaning it uses Zero-Knowledge Rollup technology to scale Ethereum by processing multiple transactions in batches, reducing costs and increasing speed. As a Layer 2 solution, Taiko operates on top of the Ethereum mainchain, providing enhanced scalability while keeping the decentralised, permissionless, and secure nature of Ethereum. Taiko states on its website that to date, they have executed six testnets involving over 1.1 million unique wallets, more than 30,000 proposers, and more than 14,000 approvers.

As the native token on Taiko, TAIKO offers holders several functions, including governance voting rights, underpinning Taiko’s rollup solutions, and earning yield for proposers and approvers.

“We are thrilled to add TAIKO to our extensive range of listed tokens,” said Henry Child, Head of Tokens at Bitfinex. “At Bitfinex, we are proud to support developers who prioritise decentralisation and scalability, as these principles are essential to the future of web3.”

Deposits for TAIKO are expected to open at approximately 10:00 AM UTC on June 4th, 2024, subject to network conditions. Trading is planned to commence at approximately 1:00 PM UTC on June 05, 2024, contingent upon liquidity requirements being met. TAIKO will be tradable against US Dollars (TAIKO/USD) and Tether tokens (TAIKO/USDt). 

To obtain access to TKO on Bitfinex, customers can visit https://www.bitfinex.com/.

*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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