Bitfinex First Main Trade to Record Shimmer, Heralding Daybreak of New ‘Chain-of-Chain’ Ecosystem

Bitfinex First Main Trade to Record Shimmer, Heralding Daybreak of New ‘Chain-of-Chain’ Ecosystem

30 September 2022 in Media Releases

ROAD TOWN, British Virgin Islands – September 30 2022 12:00 PM UTC  – Bitfinex (, a state-of-the-art digital token buying and selling platform, is the primary main change to help Shimmer (SMR), the official incentivized staging community and chain-of-chains of IOTA (MIOTA), an open-source, permissionless distributed ledger.

Shimmer and its tokenization framework creates the idea for the protocol to develop into a multi-chain community enabling interoperability throughout blockchains that’s feeless and permits for bridgeless cross-chain transfers and composability, in keeping with the IOTA Basis.

The IOTA Basis advocates feeless tokenization as representing an evolution within the digital token economic system and an advance from the ever-present good contract based mostly ERC-20 tokens. Having the ability to tokenize something in an occasion on a Layer 1 chain positions Shimmer as a feeless “chain of chains”, making the SMR token the pure customary to “tokenize every little thing,” in keeping with the IOTA Basis. 

Bitfinex was the primary change to checklist IOTA in 2017, and is in the present day the primary main change to checklist its very first offspring, Shimmer. 

“Shimmer comes with a robust tokenization framework, providing unprecedented utility for feeless Layer 1 tokenization, and on the similar time will supply scalability and composability for good contract chains in a multi-chain structure,” mentioned Dominik Schiener, Chairman of the Board of Administrators and Co-Founder on the IOTA Basis. “We’re extraordinarily completely satisfied to have Bitfinex as a serious change itemizing our imaginative and prescient of a ‘chain of chains’, permitting anybody to harness the ability and potential of Web3.”

*All customers of are topic to Bitfinex’s phrases of service (“TOS”). Please be aware that U.S. individuals (as outlined within the TOS), amongst different prohibited individuals (as outlined within the TOS), are strictly prohibited from immediately or not directly holding, proudly owning or working an Account (as outlined within the TOS) on 


About Bitfinex

Based in 2012, Bitfinex is a digital asset buying and selling platform providing state-of-the-art providers for digital forex merchants and international liquidity suppliers. Along with a collection of superior buying and selling options and charting instruments, Bitfinex gives entry to peer-to-peer financing, an OTC market, and financed buying and selling for a wide array of digital property. Bitfinex’s technique focuses on offering unparalleled help, instruments, and innovation for skilled merchants and liquidity suppliers world wide. Go to to study extra.

Essential Notes:

Nothing on this submit is monetary, funding or different recommendation. Nothing on this submit is a suggestion or the solicitation, advice or endorsement of any course of dealing. Any references on this submit to rewards, returns or different advantages are solely hypothetical and never assured.

Media Contact for Bitfinex

Joe Morgan

Senior PR Supervisor

[email protected]

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