Today, the exchange of Bitfinex announced the pair's listing Polkadot (DOT) / Bitcoin (BTC) for trading.
Trading with the pair DOT / BTC will start today, January 19, 2021 at 10 AM UTC.
Polkadot's cryptocurrency, DOT, was already available on the platform to trade against the US dollar (DOT / USD) and Tether (DOT / USDt).
As of December 14, Polkadot was also listed on Bitfinex Borrow. Those who decide to lend their cryptocurrencies get up to 70% of their DOT in the Tether stablecoin (USDt) or in US dollars (USD).
What is Polkadot
The objective of Polkadot is to enable the communication of different models in a single structure, which could become a very interesting system for the launch of future dApps.
The DOT, on the other hand, is used as a governance token and also for gambling.
Staking and the DOT price
Polkadot is currently the cryptocurrency with the highest total value bet according to data from last November 2020.
This figure was close to $ 3 billion a few months ago. Currently, based on Coin to Stake data, DOT's annual ROI is 8.39%.
Among other things, DOT has recently set new records in terms of price, rising 30% and reaching a value of more than $ 12 in recent days.
The latest news on Polkadot
In December, Ampleforth also announced its expansion into other blockchains to replicate what it has built on Ethereum at Polkadot.
In addition, during this 2021 great things are expected from Polkadot, who also plans to develop a whole DeFi ecosystem. In fact, according to PolkaProject, more than 280 projects are now being launched at Polkadot, including 20 specifically focused on decentralized finance.