HBTC will list CAKE/USDT, KAVA/USDT and SFP/USDT aggregate trading pairs at 16:00, 20 February 2021 (UTC +8).
CAKE/USDT, KAVA/USDT and SFP/USDT are aggregated trading pairs, the deposits & withdrawals will not be supported. Should there be further progress on supporting the CAKE, KAVA and SFP wallets, HBTC will notify its community via an announcement.
About CAKE (PancakeSwap)
PancakeSwap is a decentralized exchange for swapping BEP-20 tokens. Familiar with Uniswap or SushiSwap, PancakeSwap uses an automated market maker (AMM) model. That means that while you can trade digital assets on the platform, there isn’t an order book where you’re matched with someone else. Instead, you trade against a liquidity pool.
Those pools are filled with other users’ funds. They deposit them into the pool, receiving liquidity provider (or LP) tokens in return. They can use those tokens to reclaim their share, plus a portion of the trading fees.
About KAVA (Kava)
Kava is a cross-chain DeFi platform offering collateralized loans and stablecoins to users of major crypto assets, including BTC, XRP, BNB, ATOM, and others. Users can collateralize their crypto assets in exchange for USDX, Kava's stablecoin.
KAVA is the governance and staking asset responsible for securing the network and voting on critical parameters. Kava aims to become the "de facto DeFi platform by providing a decentralized lending platform and stablecoins compatible with major crypto assets".
About SFP (SafePal)
SafePal is a cryptocurrency wallet that aims to provide a secure and user-friendly crypto asset management platform. SafePal provides one-stop non-custodian wallet solutions to enable users to easily store, manage and trade their crypto assets.
SafePal helps users to secure and manage crypto assets through the combination of a decentralized and secure wallet solution and a crypto wealth management platform that bridges DeFi and CeFi.
What is Aggregate Trading Pair?
When a user buys and/or sells currencies on HBTC, our Aggregate trading system will automatically place the same buy and/or sell order on other exchanges. Therefore, our user is assured that the assets purchased through this process are all real assets in full reserves. Aggregate trading is commonly used in the trading industry. The purpose of HBTC aggregate trading is mainly to provide our users with access to new and popular assets.
HBTC aggregate trading system uses a local and an external order matching mechanism with transaction speed and user experience that are similar to that of placing an order on other trading pairs on HBTC. HBTC will evaluate the holding amount of these aggregate trading tokens later and consider to dock with the project wallets for these projects with a large holding amount, to meet the deposit and withdrawal requirements of users.
Digital Asset Trading can be a challenging and potentially profitable opportunity for investors. Users are strongly encouraged to carefully consider their investment objectives, level of experience, and risk appetite.
20 February 2021