Singapore-based digital assets exchange Crypto.com is rolling out support for three under-the-radar tokens, including one decentralized finance (DeFi) altcoin that has surged more than 200% in the past seven days.
Crypto.com listed Stargate Finance (STG), an Ethereum-based DeFi protocol that enables the transfer of virtual assets across different blockchains.
[adinserter block="1"]STG is trading at $1.02 at time of writing, up nearly 203% from its price of $0.33684 one week ago. The 210th-ranked crypto asset skyrocketed after Binance listed the token in its “Innovation Zone” last week.
Leading US-based crypto exchange Coinbase also rolled out trading services for STG earlier this month.
Stargate Finance aims to make the process of swapping crypto assets across blockchains simpler and more efficient by eliminating the need to use wrapped tokens. Wrapped tokens represent digital assets on blockchain networks they are traditionally not compatible with.
Crypto.com also listed Ooki Protocol (OOKI), a decentralized margin trading and lending platform that does not require verification. The project bills itself as a “financial primitive for shorting, leverage, borrowing, and lending that empowers decentralized, efficient, and rent-free blockchain.”
OOKI, the platform’s native governance token, is trading at $0.007129 at time of writing, up 1.5% in the past week. Coinbase also added OOKI to its listing roadmap earlier this month.
Furthermore, Crypto.com also rolled out support for the Zed Token (ZED). The altcoin is created by Future Future Labs Limited, a British Virgin Islands-based company focused on Web3. The company plans to integrate the ZED Token into ZED RUN, a play-to-earn, skill-based digital horse racing game.
ZED is trading at $0.087484 at time of writing and is up nearly 25% in the past week, according to CoinGecko.
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