Bitfinex Lists SCR Token, Enhancing Ethereum's Layer-2 Scaling

Bitfinex, a leading digital asset trading platform, has announced its position as one of the first exchanges to list SCR, the native token of Scroll. Scroll is a layer-2 scaling solution built on Ethereum. This development was reported by blog.bitfinex.com.

Scroll's Technological Advancements

Scroll is an Ethereum-compatible Layer 2 network that utilizes zero-knowledge (ZK) technology to enhance transaction speeds and reduce costs while maintaining Ethereum’s robust security framework. Launched in October 2023, Scroll has demonstrated impressive testnet capabilities with over 450,000 smart contracts deployed and more than 90 million transactions processed.

Bitfinex's Role and Trading Details

The decision by Bitfinex to list SCR underscores the exchange’s commitment to supporting innovative blockchain solutions. Henry Child, Head of Tokens at Bitfinex, emphasized the importance of community-driven efforts to scale Ethereum and expressed enthusiasm for adding SCR to Bitfinex's diverse range of digital assets.

SCR deposits will be available from 10:00 AM UTC on October 21, 2024, with trading expected to begin at 08:00 AM UTC on October 22, 2024. Initially, SCR will be tradable against the US Dollar (SCR/USD) and Tether tokens (SCRL/USDt), subject to liquidity conditions.

About Bitfinex

Established in 2012, Bitfinex has built a reputation as a premier digital token trading platform. It offers advanced trading features, charting tools, peer-to-peer financing, and an OTC market. Bitfinex is known for its commitment to providing comprehensive support and innovative solutions for traders and liquidity providers worldwide.