Singapore-based digital asset alternate Crypto.com is including assist for an additional low-cap decentralized finance (DeFi) altcoin.
The alternate’s clients can now commerce the native token of Ribbon Finance (RBN), a set of DeFi protocols that goals to assist customers entry crypto-structured merchandise.
RBN is buying and selling at $0.34 at time of writing. The 179th-ranked crypto asset by market cap is down greater than 3.5% up to now 24 hours and greater than 9% up to now seven days. It’s additionally greater than 93% down from its all-time excessive of $5.54, which it hit in October 2021.
In accordance with the challenge’s web site, Ribbon Finance combines derivatives, lending and an on-chain choices alternate.
High US crypto alternate Coinbase rolled out buying and selling providers for RNB late final yr. In February, the alternate additionally began providing custodial providers for the crypto asset by way of the Coinbase Custody chilly storage belief.
Crypto.com continues to broaden its roster of tradeable crypto property regardless of dealing with public headwinds in current months. A report from the journal Advert Age in October indicated the alternate had laid off greater than 2,000 staff, an estimated 30-40% of its workers.
That quantity was a lot bigger than the estimate offered by Crypto.com CEO Kris Marszalek in early June. Marszalek said on Twitter on the time that the alternate had laid off 260 folks, or about 5% of the corporate’s workforce.
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Featured Picture: Shutterstock/Rakhimov Edgar
