Singapore-based digital asset alternate Crypto.com is including help for one more low-cap decentralized finance (DeFi) altcoin.
The alternate’s prospects can now commerce the native token of Ribbon Finance (RBN), a collection 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 keeping with the undertaking’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 12 months. In February, the alternate additionally began providing custodial providers for the crypto asset by means of the Coinbase Custody chilly storage belief.
Crypto.com continues to develop its roster of tradeable crypto property regardless of dealing with public headwinds in latest months. A report from the journal Advert Age in October indicated the alternate had laid off greater than 2,000 workers, an estimated 30-40% of its employees.
That quantity was a lot bigger than the estimate offered by Crypto.com CEO Kris Marszalek in early June. Marszalek mentioned on Twitter on the time that the alternate had laid off 260 individuals, or about 5% of the corporate’s workforce.
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