Binance, one of the world’s leading cryptocurrency exchanges, has listed AMP – the native token of the open-source decentralized finance (DeFi) protocol Amplify Exchange – on its platform. The move comes after Amplify announced that it had raised $1 million in a seed funding round led by Binance Labs, the venture arm of Binance.
The listing of AMP on Binance is a big boost for the project, which is aiming to build a “next-generation” decentralized exchange (DEX) that is “frictionless, secure, and compliant.” With the listing of AMP on Binance, the token will now be available to trade on one of the largest cryptocurrency exchanges in the world.
The listing of AMP on Binance is also significant because it comes at a time when the DeFi space is heating up and attracting more mainstream attention. In recent months, there has been a surge in activity in the DeFi space as protocols have launched a variety of innovative products and services.
This has led to a influx of new users into the space, and Amplify is hoping to capitalize on this with its own DEX. The listing of AMP on Binance will help to increase the visibility of the project and could lead to more users signing up to use the Amplify DEX.
So far, Amplify has been off to a good start, with its DEX launching in beta earlier this month. The platform is currently live with a handful of trading pairs, including AMP/USDT and AMP/ETH.
The team is planning to add more assets in the future.
The listing of AMP on Binance is a big win for the project and will help to increase its visibility in the competitive DeFi space. With its innovative platform and strong team, Amplify is well-positioned to make waves in the DeFi space in the months and years ahead.