Crypto exchange titan Crypto.com (CRO) is adding support for two decentralized finance (DeFi) altcoins as the digital assets market experiences a widespread pullback.
According to a company blog post, the Singapore-based exchange platform says it will be listing Convex Finance (CVX), an Ethereum-based protocol built on top of stablecoin exchange Curve Finance (CRV) and Trader Joe (JOE), an Avalanche-based automated market maker (AMM) and decentralized exchange (DEX).
Convex, which offers no withdrawal or minimum performance fees, rewards liquidity providers and CRV stakers on the Curve Finance exchange. Its native utility token CVX can be staked into Convex Finance to earn a share of Curve’s liquidity pool earnings and vote on CVX’s governance.
CVX is exchanging hands at $44.54 at time of writing, a 9.5% decrease from