Bitfinex Enables Deposits and Withdrawals for Tether Tokens (USDt) on Kava Blockchain - Bitfinex blog
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Bitfinex Enables Deposits and Withdrawals for Tether Tokens (USDt) on Kava Blockchain

ROAD TOWN, British Virgin Islands –  June 28, 2023  Bitfinex (https://www.bitfinex.com/), a state-of-the-art digital asset trading platform, announced today that customers will be able to deposit and withdraw Tether tokens (USDt) on the Bitfinex platform using the Kava transport layer. The integration of USDt onto the Kava blockchain provides Bitfinex customers with enhanced accessibility and flexibility in managing their USDt.

Kava is a decentralised blockchain that combines the speed and interoperability of Cosmos with the developer power of Ethereum. Its architecture is designed for optimal protocol growth, which is integrated with Cosmos EVM technology to ensure maximum scalability, speed, security, and developer support. The platform empowers developers to build in their environment without compromising user and asset access. Bitfinex customers will soon be able to leverage the Kava blockchain’s advanced features to transact with USDt seamlessly. 

“We are excited to enable deposits and withdrawals for Tether tokens on Kava, thereby adding another layer of accessibility and empowering our customers to transact with USDt across multiple blockchains,” said Paolo Ardoino, CTO of Bitfinex. “We believe this move reinforces our continuing commitment to accelerate the adoption of digital assets across the globe and better equip our customers with the tools they need to make the most of their trading and investment activities.”

By enabling deposits and withdrawals for USDt on the Kava blockchain, Bitfinex expands its support for USDt deposits and withdrawals to a total of 15 blockchains. Bitfinex customers now have the opportunity to access and transact with USDt across a wide range of prominent blockchains, including Algorand, Avalanche, Bitcoin Cash’s Simple Ledger Protocol (SLP), Ethereum, EOS, Liquid Network, Omni, Polygon, Tezos, Tron, Solana, Polkadot, Kusama, the Near Network, and now, Kava. This broad portfolio showcases Bitfinex’s commitment to providing its customers with a wide range of options to manage their digital assets efficiently.

Bitfinex will support USDt deposits and withdrawals on KAVA on July 3 , 2023.

*All users of www.bitfinex.com are subject to Bitfinex’s terms of service (“TOS”). Please note that U.S. persons (as defined in the TOS), among other prohibited persons (as defined in the TOS), are strictly prohibited from directly or indirectly holding, owning or operating an Account (as defined in the TOS) on www.bitfinex.com. 

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About Bitfinex

Founded in 2012, Bitfinex is a digital token trading platform offering state-of-the-art services for traders and global liquidity providers. In addition to a suite of advanced trading features and charting tools, Bitfinex provides access to peer-to-peer financing, an OTC market and margin trading for a wide selection of digital tokens. Bitfinex’s strategy focuses on providing unparalleled support, tools, and innovation for experienced traders and liquidity providers around the world. Visit www.bitfinex.com to learn more.

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