Crypto exchange Bitfinex shareholder Zhao Dong has reportedly revealed that the exchange has sealed $1 billion in both hard and soft commitments for its initial native exchange token offering. The news was reported by crypto news outlet Coindesk on May 9.
As previously reported, plans to issue a native Bitfinex exchange token first surfaced in late April, with later details revealed by Dong and a subsequent ostensibly official marketing paper allegedly from iFinex, the company behind both Bitfinex and associated stablecoin issuer Tether (USDT).
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