Swyftx adds 47 new cryptocurrencies to the line-up for 176 total
See what's new in Swyftx's mass listing of 47 cyptocurrencies and other features.
In one swoop, Australian cryptocurrency exchange Swyftx has added 47 new assets to its already expansive line-up, bringing its total count to 176 different cryptocurrencies.
It's "the most crypto assets, compared to any other Australian exchange to date," Swyftx said.
This brings another unique selling point to Swyftx, in addition to its system of converting AUD deposits to USD to help reduce the cost of the spreads when buying. This gets especially important as the total list of supported assets grows beyond the common top market cryptocurrencies and into some more obscure offerings, which don't necessarily have the same liquidity as the big names.
It also matches nicely with a new feature Swyftx added earlier this week which notifies users of low market volume, in the event that a cryptocurrency has had low liquidity for a period of time.
The bulk listing follows the addition of UNI, which Swyftx says was its most-requested listing of the month. And like UNI, many of the new listings are skewed towards DeFi. They also include other new arrivals such as the Avalanche AVAX token fresh from its mainnet launch and much older names like the Civic CVC token.
It's also worth noting that many of the new listings can be used for more than just speculation. SUSHI for example, born in unusual circumstances just a few weeks ago, can also be staked on the SushiSwap platform for use in voting and to earn a bit of interest if you don't mind the associated risks.
You could lose it all to price collapse or other misadventure and highly perishable SUSHI certainly can't match the security of dollars, but if you're used to bank interest rates you might be pleasantly surprised by some of the things possible with cryptocurrency these days.
Of course, exploring further brings many new risks, will require some Ethereum to pay the gas fees and you'll also need to BYO cryptocurrency wallet, which probably isn't up everyone's alley.
Its arrival follows a pronounced pullback in the cryptocurrency markets, with many DeFi tokens being hit especially hard in the recent drawdown. No one can say for sure where they go next, up or down, so if you've been waiting for an entry point it could be worth browsing the list and doing some preliminary research to see if anything catches your eye.
- Uma (UMA)
- DFI.money (YFII)
- Numeraire (NMR)
- Balancer (BAL)
- Aragon (ANT)
- Sushiswap (SUSHI)
- Terra (LUNA)
- Wrapped NXM (WNXM)
- THORChain (RUNE)
- Curve DAO (CRV)
- Hive (HIVE)
- Storj (STORJ)
- Just (JST)
- IRISnet (IRIS)
- Dia (DIA)
- TomoChain (TOMO)
- Wanchain (WAN)
- bZx Protocol (BZRX)
- Ankr (ANKR)
- Bluzelle (BLZ)
- The Sandbox (SAND)
- ARPA Chain (ARPA)
- Celer Network (CELR)
- VeThor Token (VTHO)
- Loom Network (LOOM)
- Civic (CVC)
- AirSwap (AST)
- Chromia (CHR)
- Nebulas (NAS)
- Dusk Network (DUSK)
- Standard Tokenization Protocol (STPT)
- pNetwork (PNT)
- Cocos-BCX (COCOS)
- FIO Protocol (FIO)
- Selfkey (KEY)
- Drep (DREP)
- Cartesi (CTSI)
- Vite (VITE)
- NavCoin (NAV)
- Neblio (NEBL)
- Measurable Data Token (MDT)
- TokenClub (TCT)
- TROY (TROY)
- MovieBloc (MBL)
- Orchid Protocol (OXT)
- Avalanche (AVAX)
- SUN (SUN)
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Disclosure: The author owns cryptocurrencies including LINK at the time of writing
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