Concordium, a public, proof-of-stake (PoS) consensus blockchain with a built-in identification layer to meet the regulatory requirements, is thrilled to announce the official listing of its native token, CCD, on Bitfinex and BitGlobal, two leading crypto exchanges. Bitfinex is the first exchange where users can trade the CCD token, beginning at 9:00 am UTC on Feb. 10, 2022. Trading on BitGlobal will open on Feb. 11, 2022 at 9:00 am UTC. 

Founded in 2012, Bitfinex is one of the world’s oldest crypto trading platforms. It offers a suite of highly advanced and diversified trading features, charting tools and unparalleled support. BitGlobal is designed to allow every user to trade, participate or contribute to the digital assets ecosystem with ease. It offers a user-friendly digital asset ecosystem with increased liquidity and tighter security measures meeting international standards. 

Both Bitfinex and BitGlobal users will be able to trade CCD against Bitcoin (BTC), Ether (ETH) and Tether (USDT). The exchanges will initially support only spot trading of the token at launch. Concordium intends to soon bring CCD to more exchanges, increasing its liquidity and enabling wider utilization of the token. 

CCD is key to interacting with the blockchain. It can be used as payment on applications using Concordium technology and as transaction fees for validator nodes that process transactions and secure the network. These fees are deterministic, known in advance and stable in Euro-terms. CCD will also power the vibrant ecosystems built on Concordium, with a focus on regulated decentralized finance (DeFi), decentralized fintech and innovation.

The Swiss Financial Market Supervisory Authority has classified CCD as a payment token, meaning it is suitable to be used for on-chain settlement of transactions, collateralization and all other use-cases applicable in DeFi.

The Concordium Foundation will develop and implement a fair governance structure that allows the project to evolve. This means that CCD holders will ultimately have on-chain voting powers in Concordium’s decentralized governance. 

About Concordium

Concordium is a public, PoS consensus layer-1 blockchain with a unique identification layer at the protocol level to ease regulatory compliance. Concordium has deployed a unique smart-contract environment with a fungible and nonfungible token standard. Concordium differs by offering nearly instantaneous and real finality with low transaction fees, and fiat stability. Visit the website for more information.