Bitfinex Adds Gala Games (GALA) Token to Its Platform

Bitfinex, a cryptocurrency trading platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term based in the British Virgin Islands, announced on Thursday that it had listed Gala (GALA) token amid the crypto gaming boom in the sphere.

According to the press release, the addition of the digital asset to Bitfinex’s portfolio will allow the platform to go aligned with the ‘explosion of interest’ in digital gaming and non-fungible tokens (NFTs).

“We’re delighted to add Gala Games to the tokens available to trade on our platform. We anticipate great interest in Gala among the exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term’s growing customer base,” Paolo Ardoino, the CTO at Bitfinex, commented on the listing.

Moreover, Eric Schiermeyer, the CEO of Gala Games, issued the following statement via Gala’s website: “I wouldn’t be doing this if I didn’t think this was literally the next phase of the internet. Everything that touches ownership is going to be affected by what’s happening here. Art and music and everything that has a digital life is going to be touched by this. Anything that you thought was digital that you thought you owned but didn’t really own — that’s what’s about to be revolutionized.”

Trading on GALA started on 17 March at 10:00 AM UTC. GALA will be available to trade with US Dollars (GALA/USD) and Tether tokens (GALA/USDt).

Gala Games in Context

Through the use of decentralized ledger technologies, Gala Games gives players back control, allowing them to own their in-game items and participate in the development of the game roadmap. In the game, the items function as NFTs that are owned by the players.

Additionally, players and node owners will be consulted via distributed voting mechanisms to determine what games should be added to the platform or what should be funded by the Gala Games ecosystem.

Gala Games currently has a Discord community with 150,000 members, while it has 333,000 followers on Twitter.

Last month, Bitfinex added three currency spot pairs against Tether tokens (GBP/USDt, GBP/EURt and JPY/USDt).