Bitfinex supports pNetwork to bring crypto assets cross-chain
pTokens, a cross-chain system enabling assets to move frictionlessly from one blockchain network to another, is to list its pBTC, pETH, and pLTC, tokens on non-custodial digital asset exchange and iFinex brand eosfinex, bringing the top crypto assets to the EOS blockchain through the Bitfinex on-chain ecosystem.
As decentralised finance (DeFi) continues to expand its reach, dApps and cross-chain tokenisation are still restricted by blockchain walls. pTokens will allow major crypto assets to be used across different blockchain-powered applications and exchanges. As a transparent and security-oriented solution connecting multiple blockchain protocols, pTokens allow for asset transfers by means of the pTokens bridge.
Upon this integration with the pTokens cross-chain network, eosfinex will generate an instant advantage for the Ethereum and EOS ecosystems. The integration will enable bitcoin, and other major cryptocurrencies, the ability to be tokenised, and moved on to DeFi blockchains directly from the Bitfinex platform.
pBTC, pLTC and pETH deposits and withdrawals will be available from Bitfinex for Ethereum and EOS through the pTokens network.
“We’re delighted to announce this significant milestone providing Bitfinex customers the opportunity, through our noncustodial service, eosfinex, to trade leading digital tokens cross-chain,” says Paolo Ardoino, CTO at Bitfinex. “Our support for pTokens will provide a much-needed gateway to the DeFi ecosystem for Bitfinex customers using Bitfinex liquidity.”
“While pTokens connects multiple blockchain environments, eosfinex bridges the centralised and decentralised exchange worlds. This strategic cooperation between the two projects will result in a high throughput, cross-chain, decentralised trading experience for DeFi users,” says Steven Quinn, Head of Product & Business Strategy at eosfinex.
“eosfinex and pTokens both aim to improve the decentralised finance experience for users,” says Thomas Bertani, Project Lead at pNetwork. “eosfinex lets its users tap directly into Bitfinex order books, bringing the liquidity of a major centralised exchange to the decentralised world. pTokens will unlock the capabilities of today’s biggest digital assets, making them compatible across different blockchain-based dApps. Together, eosfinex and pTokens will act as a bridge between the EOS ecosystem and Bitcoin’s vast market.”