What is Synthetix (SNX)?

Synthetix is a decentralized finance (DeFi) protocol that provides on-chain exposure to a wide variety of crypto and non-crypto assets. The protocol is based on the Ethereum (ETH) blockchain and offers users access to highly liquid synthetic assets (synths). Synths track and provide returns on the underlying asset without requiring one to directly hold the asset.

The platform aims to broaden the cryptocurrency space by introducing non-blockchain assets, providing access to a more robust financial market.

Comments

Análise de Preço: Crypto Total Market Cap - 31/01/19

Crypto Total Market Cap em um dia, está com baixa de ⬇️ (-1.69%). Preço agora : $ 109,888,879,588.00

Análise de Preço: 0x - 02/01/19

O 0x em um dia, está com alta de ⬆️ (+3.76%). Preço agora : $ 0.33

Bitcoin approaches $31,000 amid anticipation over possible Fidelity ETF

Last week, BlackRock had already filed a request to register a Bitcoin spot ETF, taking the asset to a record for the year. Bitcoin is nearing its one-year highs amid anticipation of a new BTC spot ETF order, allegedly by investment giant Fidelity. The world's largest cryptocurrency by market cap was trading near $31,000 earlier this afternoon, approaching its yearly high recorded last week when it hit $31,411. Information about Fidelity's ETF was released this Tuesday (27) by the specialist cryptocurrency vehicle The Block, which cited an unidentified source. According to the article, the company must submit the request today. “A genuine spot ETF would open the door to new money inflows, which would have a ripple effect in terms of volumes and interest,” Darius Tabatabai, co-founder of decentralized exchange Vertex Protocol, told Bloomberg. This is Fidelity's second attempt to launch a Bitcoin spot ETF. In 2021, the Securities and Exchange Commission (SEC, the US Securitie

Criptomoeda News

Search This Blog

Baby (BABY) - Price analysis - 03/27/24