Bitcoin ETF Trading and Chainlink Staking: Meet the Hybrid Exchange Transforming Trading With Smartphone Features
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/DTX Exchange/ – Bitcoin ETFs have changed the whole landscape of cryptocurrencies and given them a new identity. Since launching in January, Spot Bitcoin ETFs have attracted over $16 billion of inflows and are growing bigger daily.
The excitement surrounding ETFs after Bitcoin, the announcement that the Ethereum ETF will launch soon, and the talk about the Solana ETF has made investors more confident in cryptos. The crypto space is evolving daily, and innovations are happening quickly. One of the new innovations, DTX Exchange, which is transforming the world of trading and investing, is seeing massive growth.
This article will discuss the Bitcoin ETF’s recent developments, Chainlink (LINK) Staking, and the new hybrid exchange DTX.
Huge Infow In Bitcoin ETF In The Recent Market Correction
Investors have poured over $16 billion into U.S.-based spot bitcoin exchange-traded funds. Even during market fluctuations, they continue to buy into these funds. Recently, these funds saw another $300 million in inflows.
Data reveals that most of this money went into BlackRock’s iShares Bitcoin Trust (IBIT), which attracted $117.2 million. IBIT now manages $18.4 billion in assets and is on track to surpass $20 billion soon. Meanwhile, Fidelity’s Wise Origin Bitcoin Fund (FBTC) is nearing the $10 billion mark in assets under management.
What Is Chainlink (LINK) Staking?
In December 2022, Chainlink (LINK) launched its first version of staking, known as “v0.1.” This allows users to stake LINK, the native token of the Chainlink (LINK) network. Chainlink (LINK) is a decentralized Oracle network that enables blockchains to access external data and resources securely. By staking LINK, users earn rewards for enhancing the security of Chainlink’s Oracle services.
Chainlink (LINK)Staking v0.1 participants hold their LINK tokens in smart contracts. These tokens support performance guarantees for Oracle services, which helps expand Chainlink (LINK) ability to secure more valuable transactions over time. Staked LINK and its rewards are locked in a smart contract until a future release, per Chainlink (LINK) Staking v0.1 security measures.
Community stakers can expect to earn an effective annualized reward rate of 4.75% in LINK for staking on the network. This rate includes a baseline reward of 5%, with 5% of community staking rewards allocated as delegation fees to Node Operators.
DTX Investors Sitting On a 100% Gain
DTX Exchange (DTX) has become a global phenomenon. This emerging platform has already raised over $950K and aims for $1.5M by the end of July 2024. Early investors have seen their investments double in a short time.
DTX Exchange stands out with its unique hybrid trading platform, blending features of centralized (CEX) and decentralized (DEX) exchanges. It offers access to over 120K asset classes, including stocks, FX, and cryptocurrencies, with leverage up to 1000x—this flexibility and high-leverage options position DTX Exchange as a leader in the crypto market.
In Stage 2 of its presale, DTX is priced at $0.04, marking a 100% increase from its initial $0.02. This price is expected to rise to $0.06 in Stage 3, offering investors a 50% return on investment. Analysts anticipate DTX to surge 50x once it’s listed on a Tier-1 CEX in Q3 2024, making it an auspicious crypto investment opportunity.
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