The post ETFSwap ETF Trading Platform Catches Whale Attention appeared on BitcoinEthereumNews.com.

Recently, there was a spike in whale transactions in the crypto industry, increasing the crypto market capitalization, and top assets like Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE) began to record steady gains.  Further, the spike in whale transactions also affected an ETF token ETFswap (ETFS) as whales rushed in to buy it in its ongoing presale. Let’s discuss the ETFswap (ETFS) ecosystem and how the crypto market fared with the increase in whale transactions. ETFSwap ETF Trading Platform Catches Whale Attention ETFswap (ETFS) is a crypto ETF trading platform that facilitates the trading and converting of exchange-traded funds (ETFs) to crypto assets on the blockchain. It was able to do this by creating a tokenized version of ETFs, which will directly represent its traditional counterpart on-chain, enabling traders to invest in several asset classes on a single interface.  The tokenized ETFs can also be converted to other crypto assets and fiats, compared to traditional ETFs, which can only be converted to fiats. The key element responsible for the conversion is ETFS, a standard ERC-20 token that functions as the platform’s native token.  Users who hold ETFS can use it to purchase tokenized ETFs and easily swap back to ETFS with the platform’s seamless swapping feature. Also, users who hold ETFS will gain voting rights, enabling them to participate in the network governance and earn passive income through ETFswap’s (ETFS) mouthwatering annual percentage rate on staking, which is up to 87%.  Further, ETFS holders will be privy to exclusive trading opportunities and gain early access to all new ETF listings on the platform. ETFswap (ETFS) is offering ETFS to the crypto community at a low price of $0.01831 in its ongoing public presale, attracting the attention of whales who see it as an undervalued asset with lots of promising potentials.…

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Filed under: News - @ June 30, 2024 9:20 am