Bitfinex Announces SEI Token Listing

ROAD TOWN, British Virgin Islands – In a significant development, Bitfinex has announced its decision to list SEI, the native token of the Sei Network, an open-source layer-1 blockchain. This move solidifies Bitfinex's position as one of the pioneering exchanges to list this eagerly awaited token.

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Having made its debut in 2022, the Sei Network introduces a new paradigm for trading app infrastructure. Catering to various categories including NFT marketplaces, gaming decentralized exchanges (DEXs), and DeFi DEXs, Sei sets itself apart by being tailor-made for trading.

What makes the Sei Network exceptional is its unique Twin-Turbo Consensus mechanism. This innovative approach empowers the network to process an impressive 22,000 orders per second while maintaining a transactional finality of a mere 600 milliseconds. This groundbreaking speed makes Sei one of the fastest blockchains available.

With the added integration of an order-matching engine, Sei ensures efficient scalability for trading apps, offering traders uninterrupted and smooth experiences across diverse exchanges.

SEI Token: Enabling the Future of Trading and Governance

At the heart of the Sei Network is the highly-anticipated SEI token. Positioned as a utility token, SEI facilitates the payment of network and trading fees on the blockchain. Beyond this practical function, SEI token holders are granted the opportunity to partake in future governance decisions for the protocol.

Henry Child, Head of Tokens at Bitfinex, recognizes the potential of the Sei Network, stating, “The Sei Network’s impressive speed and operability built specifically for trading bodes well for the future of decentralized finance. We are thrilled to add SEI to our exchange’s diverse and broad list of available tokens.”
Behind the Sei Network stands a team comprised of professionals from renowned institutions such as Goldman Sachs, Google, Robinhood, Nvidia, and Databricks.
The company made waves in April of this year by securing a remarkable $30 million in funding across two rounds, propelling its valuation to an impressive $800 million. Key investors include Jump, Distributed Global, Multicoin, Asymmetric, Flow Traders, Hypersphere, and Bixin Ventures.

The Countdown Begins

Bitfinex is all set to usher in the SEI token. Deposits for SEI will open on August 15 at around 10:00 am UTC, followed by the commencement of SEI trading on the same day at approximately 12:00 pm UTC. Trading pairs will include the US Dollar (USD) and Tether tokens (USDt).

For those eager to join the SEI trading experience on Bitfinex, please visit https://www.bitfinex.com/.

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About Bitfinex

Established in 2012, Bitfinex is a dynamic digital token trading platform that offers advanced services for traders and global liquidity providers. Apart from a suite of advanced trading features and cutting-edge charting tools, Bitfinex provides access to peer-to-peer financing, an OTC market, and margin trading for a wide range of digital tokens.

Focused on delivering unrivaled support, tools, and innovation for experienced traders and liquidity providers worldwide, Bitfinex's commitment shines through. Discover more at www.bitfinex.com.