Three high cryptocurrency exchanges are concurrently saying assist for a brand new layer-1 crypto undertaking.
In new statements, Coinbase, Binance, and Kraken all announce assist for Sei (SEI) on the Sei Community.
Says US-based alternate Coinbase,
“Coinbase will add assist for Sei (SEI) on the Sei community. Don’t ship this asset over different networks or your funds could also be misplaced. Transfers for this asset are obtainable on Coinbase & Coinbase Alternate within the areas the place buying and selling is supported.”
Kraken equally introduced in a weblog submit that buying and selling for SEI would start at present.
Binance introduced SEI buying and selling collectively whereas concurrently saying assist for an additional altcoin, CyberConnect (CYBER).
Sei Community’s is a layer-1 blockchain constructed on Cosmos that’s optimized for buying and selling and the exchanging of digital property, and is designed to be a resilient, monolithic chain.
Sei Labs raised $30 million from a number of high-profile buyers within the trade earlier this yr to construct the “quickest layer-1.”
Says the undertaking’s web site,
“Sei is a basic function, open-source Layer 1 blockchain specialised for the alternate of digital property. Leveraging a novel consensus and technical breakthroughs, Sei is the quickest blockchain within the trade.
A typical false impression is that Sei is a DeFi chain. Nonetheless, the alternate of digital property is common throughout gaming, social, and NFTs (non-fungible tokens). Buying and selling is basic function.”
SEI launches because the 104th largest crypto by market cap.
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