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George Ma
in
Crypto
April 26 11:50

Bitfinex will ease liquidity transfer between central exchanges and DEX

Bound at a ratio of 1:1 to the bitcoin rate, the pBTC will be the first token oriented towards the interaction of different DeFi ecosystems.
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Bitfinex Bitcoin Exchange will add a pBTC crosschain token to the listing to form gateways between Bitcoin and DeFi EOS and Ethereum based systems. This is reported by Cointelegraph.

Bound at a ratio of 1:1 to the bitcoin rate, the pBTC will be the first token oriented towards the interaction of different DeFi ecosystems. By the end of May, the platform expects to add the ability to deposit and withdraw funds to the pBTC.
In the future, a series of so-called pTokens, which links DeFi space with popular cryptocurrencies, will be extended to pETH, pEOS, pLTC and pDAI.
Bitfinex Technical Director Paolo Ardoino approved pTokens project at the end of last year, confident that the value transfer between networks will be one of the most important issues in the crypto industry in 2020.
According to Coingecko, at the moment pBTC trades in only two markets - Kyber Network and Bancor Network.