Bitfinex, one of the leading trading platforms in the digital token world, has announced that starting April 21, it will list LUXO, the blockchain protocol’s native symbol for confirming the authentication of luxury goods, under the name Luxochain. LUXO deposits and trading will open in April and will cover both LUXO:USDt and LUXO:USD pairs. Luxochain; It has the ability to convert luxury assets and minted NFTs corresponding to any released product into cryptocurrencies. Using Luxochain’s Virgo, iOS and Android apps, buyers can browse luxury items and verify the authenticity of each item.

At the same time, luxury goods owners and sellers can securely create, receive, store and send digital certificates of authenticity and ownership via any smartphone. Luxochain enables owners and sellers to track blockchain products, creating a more transparent, traceable, and verifiable luxury goods market. According to Futurism, an estimated $256 trillion in real-world assets is circulating around the world at any given time. Barriers to entry such as bureaucracy and geographical restrictions, however, prevent this market from growing even faster. Confirming origin tokens is gaining popularity, with some experts predicting that the global cryptocurrency market could reach about US$5.6 billion by 2026.Bitfinex CTO Paolo Ardoino, “The addition of LUXO is indicative of the exchange’s promise to expand the crypto networks available on the platform,” he said. “Luxochain aims to create a way forward for luxury goods markets by streamlining the authentication process and making it easier for customers to trace the origin of their purchases.

This is undeniably an integral part of the market for goods and services that has not yet been addressed.”Davide Baldi, CEO of Luxochain He added: “This step is of great importance to LUXO and we are very proud of it. Our goal is to bring digital assets and NFTs to the luxury world, enhance brand reputation and create blockchain-registered digital certificates of authenticity. Thanks to Bitfinex for supporting us in growing an ecosystem based on transparency between the physical and digital worlds. Bitfinex is one of the most versatile and experienced exchanges on the market. We are looking forward to putting our token on the platform and we think it will get a lot of interest from users.” For access information to LUXO on Bitfinex, users can visit www.bitfinex.com.About BitfinexFounded in 2012, Bitfinex is a digital asset trading platform that provides advanced services to its traders and global liquidity providers. In addition to its suite of advanced trading features and charting tools, Bitfinex provides access to peer-to-peer financing, an OTC marketplace, and funded trading for a wide variety of digital assets. Bitfinex’s strategy is focused on providing unique support, tools and innovations for professional traders and liquidity providers worldwide. For more information visit.

Source: (BHA) – Beyaz News Agency