Bitfinex Lists Chainlink (LINK) Against Fiat, Trading to Commence on August 21

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Thu, 08/20/2020 - 10:55
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Yuri Molchan
The major crypto exchange Bitfinex has just announced listing one of the most popular altcoin LINK, with trading to begin a day later
Bitfinex Lists Chainlink (LINK) Against Fiat, Trading to Commence on August 21
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Less than an hour ago, top-tier crypto exchange Bitfinex announced that it has listed Chainlink (LINK) token against both fiat and crypto.

Chainlink to be available directly for USD

On its blog, Bitfinex specified that the popular holder of the Top 5 spot on CoinMarketCap, LINK, has finally been listed and tomorrow, Aug. 21, trading and withdrawals against USD and USDT will begin.

LINK deposits on Bitfinex have already been activated.

LINK
Image via Twitter

LINK can be traded with US Dollars (LINK/USD) and Tether (LINK/USDt).

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Chainlink's recent roller coaster

Recently, LINK showed a gargantuan rally, rising from $3 to the $19 area within just a few weeks. As reported previously by U.Today, experts believe that this rapid increase in the token's market value was due to multiple new partnerships it started recently.

In addition, last month, Binance added futures contracts for LINK which are to expire on Sept. 25.

Skeptics believe that LINK is a bubble that has been pumped artificially and is now starting to expire. The exchange rate has stopped at the $19 levelwhile many expected the coin to keep risingand by now it has declined to the $16.66 mark, showing a rise of less than 2 percent on CoinMarketCap.

Recently, Bitfinex announced the listing of ADA after Cardano completed its major Shelley upgrade, promising to take the platform and the token to new heights.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.