Today, Aug. 21, top-notch cryptocurrencies exchange ecosystem Bitfinex has enabled trading and withdrawals of LINK, a native asset of the Chainlink decentralized oracles network.
Chainlink (LINK) welcomed on Bitfinex
According to the official announcement, deposits of LINK tokens have been available since yesterday, Aug. 20. Today, two trading pairs are added to the toolkit of Bitfinex: LINK/USDT and LINK/USD.
Chainlink (LINK) is now listed on Bitfinex!— Bitfinex (@bitfinex) August 21, 2020
From today $LINK can be traded on Bitfinex with US Dollars (LINK/USD) and Tether (LINK/USDt).
Withdrawals are now open.
Discover more about @Chainlink ⬇️https://t.co/KH21ZJEgzo pic.twitter.com/MDNyMTEJAx
This upgrade was celebrated by Paolo Ardoino, CTO of Bitfinex and Tether. In his LINK listing announcement, Ardoino recalled the complaints of a legendary, anonymous Bitfinex whale—who goes by J0E007 on Twitter—about the non-existent interest in Chainlink (LINK) by "real" traders.
Mr. Ardoino also informed his followers that leveraged trading on LINK pairs can be activated soon. Bitfinex may add this option after an analysis of traders' activity:
Now $LINK trading is officially opened on @bitfinex @J0E007 soon you'll have margin trading enabled too (starting with a 3x cap I think) (…) Once the pair will get enough liquidity we will enable margin trading!
This release was greatly appreciated by the large and aggressive community of Chainlink supporters, also known as "LINK Marines." Their camp attracted the special attention of Mr. Ardoino.
Mr. Ardoino asked his Twitter followers about the origin of this strange moniker for Chainlink (LINK) supporters and promoters. Sergei Chan, analyst on Block.Science's R&D team, explained that this name is derived from meme culture:
It was purely crowdmemegenerated on 4chan. You can see similar social dynamics on different social platforms. Like #BroArmy of @pewdiepie and other twitch/youtube shenanigans.
It was in the year 2020 that LINK Marines surpassed previous kings of massive token promotion, XRP Soldiers ("XRP Army") in terms of passionate Crypto Twitter activity.
This listing on Bitfinex may save the day for LINK holders. As covered by CryptoComes, Chainlink's (LINK) price witnessed double-digit downmoves after two whale-driven sell-offs.
At press time, LINK is changing hands at $14.60, or down almost 11 percent in the last 24 hours.