- KuCoin has listed the Ithaca Protocol (ITHACA) on its buying and selling platform.
- The alternate will help ITHACA deposits by means of the BSC-BEP20 blockchain community.
- The Ithaca Protocol is a non-custodial, composable, AI-enabled choices ecosystem.
Seychelles-based cryptocurrency alternate KuCoin has listed Ithaca Protocol (ITHACA) on its buying and selling platform. On December 18, the crypto buying and selling platform introduced by way of a weblog put up that ITHACA could be accessible on its spot buying and selling platform. Customers might begin buying and selling the digital asset inside 24 hours of the announcement.
KuCoin famous that its platform will help ITHACA deposits by means of the BSC-BEP20 blockchain community and that ITHACA buying and selling can be accessible as an ITHACA/USDT buying and selling pair. Moreover, KuCoin will allow buying and selling robots for the enabled buying and selling pair underneath Spot Grid, Infinity Grid, DCA, Sensible Rebalance, Spot Martingale, Spot Grid AI Plus, and AI Spot Development companies.
What’s the Ithaca Protocol?
Ithaca Protocol is a comparatively new participant within the decentralized finance (DeFi) sector. It’s a non-custodial, composable, AI-enabled choices ecosystem that’s producing important consciousness within the crypto business. Many cryptocurrency customers within the DeFi ecosystem consider that the newly launched protocol will tackle the prevailing limitations of conventional choices buying and selling.
Additionally Learn: KuCoin Launches Choices Buying and selling with BTC and ETH and Presents 100,000 USDT in Rewards
In the meantime, the itemizing will permit KuCoin customers to entry the progressive options of the Ithaca Protocol, permitting them to beat the constraints of choices buying and selling. These options embody an auction-based matching engine, which may enhance liquidity, an off-chain pre-matching system that reduces congestion on the blockchain, a composable choices system for creating advanced choices methods and the facilitation of structured merchandise.
Current Ithaca Protocol Efficiency
Knowledge from DeFiLlama reveals that the Ithaca Protocol has a complete worth locked (TVL) of $2.68 million. The protocol has seen a gentle enhance in TVL since its launch in Could, with a momentary drop in mid-October. ITHACA's rising TVL reveals progress and adoption of the brand new protocol.
KuCoin's itemizing opens a brand new gateway for crypto customers to the Ithaca Protocol ecosystem. The newly launched protocol noticed a notable enhance in buying and selling quantity this month and reached its all-time excessive quantity of $468,000 on December 16, shortly earlier than KuCoin's itemizing announcement.
Disclaimer: The knowledge offered on this article is for informational and academic functions solely. The article doesn’t represent monetary recommendation or recommendation of any sort. Coin Version will not be liable for any losses ensuing from using the content material, services or products talked about. Readers are suggested to train warning earlier than taking any motion associated to the corporate.
