Floki Inu Sniffs Out Yet Another Exchange, While Pouncing Into DeFi | Benzinga

Floki Inu (CRYPTO: FLOKI) developers made two major announcements on their official Telegram channel on December 25th that might improve the memecoin’s prospects by increasing its utility and liquidity.

What happened: Earlier this week, BitGlobal (formerly known as Bithumb Global) — a major South Korean cryptocurrency exchange — officially announced on Twitter that it plans to list FLOKI. So far, Shiba Inu (CRYPTO: SHIB) and Floki Inu are the only memecoins available on BitGlobal.

See Also: Is Floki Inu a Good Investement?

Additionally, FLOKI revealed a partnership with BarnBridge (CRYPTO: BOND) — a tokenized risk protocol aiming to reduce the volatility risks associated with decentralized finance (DeFi) applications, on the same day.

BarnBridge allows Floki Inu holders to “get up to 35% downside protection” and “upside leverage when the price goes up” with their SMART Alpha pool.

Price Action: Floki Inu has been on a downtrend for the past 30 days. The memecoin is currently trading at $0.0001134 after seeing its price drop of about 11.53% over the past 24 hours.

Related Link: Elon Musk Tweets A Photo Of His Shiba Inu Floki Dressed As Santa — Will This Send Dogecoin Soaring Today?

Join ZINGERNATION and earn ZING, an ERC-20 smart contract token we launched aimed to reward members as we build a community to find and share great trading and investing opportunities. Download the mobile app now, available on iOS and Android.

Click here, or sign up for our newsletter to explore more of Benzinga’s Cryptocurrency market coverage, in-depth coin analysis, data, and reporting.

Read More:Floki Inu Sniffs Out Yet Another Exchange, While Pouncing Into DeFi | Benzinga