Bittrex Global Exchange announced that it is currently considering integrating and listing of FA1.2 and FA2 tokens on the Tezos blockchain. These two token standards provide the creation of exclusive assets related to DeFi, NFTs, DAOs, and more. Therefore, the exchange can back the types of tokens that set on this blockchain.
Tezos is creating a name for itself due to its simplicity of use and energy productivity. Until now, it has excited big brands and teams such as Manchester United, GAP, Red Bull Racing and many others.
Its major attraction is that it has a green alternative due to having a blockchain to prove the stake. It perfectly joins energy efficiency, low transaction fees and integrated scalability. Concerning numbers, the network has actually seen an increase in user activity over the past year. For example, smart contracts tripled to more than 600,000 during that period. Therefore, Bittrex has attracted attention.
However, Bittrex, presently backs over 250 digital assets. Thus, this number can potentially increase when the partners finish the integration.
Basically, Tezos brings its user base to the cryptocurrency exchange. The current product portfolio includes NFTs with cross-chain utility, efficient farming protocols, efficient DEXs, crowded NFT platforms, and more. This is surly a core business because the network is one of the fastest-growing blockchain ecosystems.