Astar (ASTR) gets listed at BitTrade (formerly Huobi Japan), the third Japanese crypto exchange
Astar (ASTR), the governance token of the Astar Network, a Japanese blockchain, has finally been listed on its third crypto exchange in Japan. This development means that ASTR will be registered on the Japanese Virtual Currency Exchange Association (JVCEA) Green List, which is the list of cryptocurrencies that are considered to be widely traded and safe for the public. This move is expected to boost the speed of new listings on other Japanese exchanges.
According to the announcement, Bit Trade (formerly Huobi Japan) will begin handling ASTR deposits and withdrawals, as well as trading on April 10, 2023. The exchange will support AstarEVM addresses only, and the asset will be available for spot trading only.
This announcement is significant for Astar Network and its community. The listing of ASTR on Bit Trade represents another step towards wider adoption, and it offers a new opportunity for Japanese investors to participate in Astar Network’s governance.
In a recent tweet, CEO Sota Watanabe expressed his excitement for the listing, stating that it will provide an opportunity for more people to learn about the Astar Network and ASTR.
ASTR is finally listed at the 3rd crypto exchange in Japan. It means that ASTR will be registered in the green list, which allows other Japanese exchanges to list easier and quicker! This is huge for us. https://t.co/BSDTbr2DY4
— Sota Watanabe (@WatanabeSota) April 7, 2023
The Astar Network is a blockchain that aims to make it easy for developers to build decentralized applications (dApps) using Polkadot technology. Astar has a unique governance structure that allows token holders to vote on proposals related to network upgrades, such as the allocation of network resources and the addition of new features.
ASTR is the native token of the Astar Network and is used to pay for transaction fees and to participate in governance. The token has been trading on two other exchanges in Japan, but the Bit Trade listing will provide more liquidity and access for Japanese investors.
In conclusion, the listing of ASTR on Bit Trade is a significant step for the Astar Network and its community. With the token’s listing on its third crypto exchange in Japan, ASTR will be recognized as a widely-traded asset, making it easier for other Japanese exchanges to list it in the future. The news offers a new opportunity for Japanese investors to participate in the governance of the Astar Network and contribute to its growth.
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