Bittrex Global Says It Is Exploring Support for Tezos FA1.2 and FA2 Tokens
Bittrex Global, one of the world’s leading digital asset exchanges, has announced it is evaluating the potential listing of two token standards from the Tezos blockchain. The exchange shared the update in a joint press statement with CoinJournal on Tuesday.
According to Bittrex, the token standards under consideration are FA1.2 and FA2, which serve as Tezos’ equivalents to the widely used ERC-20 token standard. These standards enable developers and users to create a wide range of digital assets supporting decentralized finance (DeFi), non-fungible tokens (NFTs), and decentralized autonomous organizations (DAOs).
“The integration and listing of FA1.2 and FA2 tokens on Bittrex would demonstrate that tokens built on the Tezos blockchain can be supported and integrated into our exchange,” Bittrex said in the statement.
Bittrex Global emphasized that any token listing follows a rigorous review process. All candidate tokens are subject to detailed due diligence and careful monitoring before being added to the platform.
The exchange explained that its review process considers several key factors, including regulatory compliance requirements, the background and status of the token issuer, the project’s innovation and technical merits, token economics, the project roadmap, and demonstrated market interest.
Last week, Bittrex expanded its asset coverage by listing CCD, a token issued on Concordium, a blockchain platform designed for regulated digital assets.
Tezos (XTZ)
Tezos remains a prominent blockchain platform for investors and developers engaging with yield-farming protocols and decentralized exchanges (DEXs). Its combination of low gas fees and institutional-grade security has helped drive rapid adoption across the ecosystem.
In January, more than 6 million contract calls were executed on the Tezos network, while the number of active smart contract addresses grew by 200% in 2021, surpassing 600,000.
On the market front, Tezos (XTZ) rose 4.6% over the past 24 hours and is currently trading near $4.13. The token’s all-time high remains $9.12, reached on October 4, 2021.