In addition, the DeFinity platform aims to offer real-time agreements and clearing for FX spot trading. Spot trading refers to a transaction where instant payment and delivery of the underlying investment occurs. DeFinity also develops FIX adapters for processing transactional data from liquidity providers and liquidity takers. Basically, the team analyzes the data, performs risk validation, and sends status messages back to the transmitting parties. The purpose is to transfer the data to the DeFinity blockchain for additional processing, including forex rates, currencies, quantity, and parties involved.

According to its whitepaper, the native utility token of the DeFinity is ‘DEFX.’ The DEFX token has three primary use cases: protocol governance, staking and trading, and last, incentives to support the services. The token aims to make the exchange and protocols decentralized by allowing token holders to vote on significant events and decisions about the future of the exchange protocol. Staking and participation fees make the core of the decentralized exchange and protocol. Participants can select from a set of pools and stake their tokens to receive 0.25 percent of the network fees. Token holders can obtain additional rewards such as trading fee reductions and referral benefits for introducing new users.

The idea of DeFinity was built by experienced partners with the mission to create an efficient, decentralized, and cost-effective FX market. WeOwn and DMALINK are the two partners who came together to create DeFinity. Manu Choudhary is the CEO of the platform. The other team members include Michael Siwek (CRO), Sascha Ragtschaa (CTO), Ashwind Soonarane (COO). There is a professional team of advisors as well.

We update our DeFinity to CAD currency in real-time. Get the live price of DeFinity on Coinbase.

The current market cap of DeFinity is CA$2.265M. A high market cap implies that the asset is highly valued by the market.

The all-time high of DeFinity is CA$2.45. This all-time high is highest price paid for DeFinity since it was launched.

Over the last 24 hours, the trading volume of DeFinity is CA$81.861K.

Assets that have a similar market cap to DeFinity include Store of Value, bitcastle Token, Zenix, and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of DeFinity is 153 million.