Top cryptocurrency exchanges declare support for Aptos.
Following the launch of Aptos mainnet, several cryptocurrency exchanges have declared that they will list the Aptos native cryptocurrency, APT, for trading purposes.
Some top exchanges that declared support for Aptos (APT) include Binance, Coinbase, FTX, Huobi, and OKX.
In an announcement by Binance today, the world’s largest cryptocurrency exchange by 24-hour trading volume will list three spot trading pairs for Aptos tokens, including APT/BTC, APT/BUSD, and APT/USDT.
Users can send their APT deposits in preparation for trading that will commence tomorrow by 01:00 UTC.
“Binance will list Aptos and will open trading for these spot trading pairs [APT/BTC, APT/BUSD, and APT/USDT] at 2022-10-19 01:00 (UTC),” Binance said in an announcement.
In a similar development, San Francisco-based exchange Coinbase announced that it would add support for APT. Coinbase users are only asked to deposit their APT on the Aptos network, as trading is scheduled to take place “when all liquidity requirements are met.”
Unlike Binance, Coinbase plans to open trading only for the APT/USDT pair.
“Once the sufficient supply of this asset is established, we will announce the impending launch of trading on our APT-USD pair in phases,” Coinbase said.
Coinbase will add support for Aptos (APT) on the Aptos network. Do not send this asset over other networks or your funds may be lost. Inbound transfers for this asset are available on @Coinbase & @CoinbaseExch in the regions where trading is supported.
— Coinbase Assets (@CoinbaseAssets) October 18, 2022
Other Cryptocurrency Exchanges’ Announcements
FTX, one of the world’s leading cryptocurrency exchanges and an Aptos investor, also said it would list APT on its trading platform. FTX users have already started depositing APT on the trading platform in preparation for trading which is slated to commence tomorrow by 01:00 UTC.
Furthermore, OKX, a Seychelles-based cryptocurrency exchange, will join other exchanges to open trading for APT on the condition that the token deposits meet its requirements. OKX opened APT deposits today at 06:00 UTC, while withdrawals will open tomorrow at 10:00 UTC.
Like Binance and FTX, leading cryptocurrency exchange Huobi, Global said APT/USDT trading would commence tomorrow by 01:00 UTC. In preparation for the trading, users are asked to deposit their APT today by 03:00 UTC, while withdrawals of the token will commence on October 21, 2022, at 01:00 UTC.
Aptos Mainnet Launch
There has been so much fuss about the Aptos mainnet launch.
Mainnet has arrived.https://t.co/wZajVZMa5Q
— Aptos (@AptosLabs) October 17, 2022
Aptos is a Proof-of-Stake (PoS) Layer-1 blockchain launched by Meta (formerly Facebook). Recall that Meta’s plan to launch its stablecoin project dubbed Libra (later renamed Diem) was met with lots of resistance, forcing the team to abandon it for Aptos. The team claims Aptos will be a suitable blockchain for decentralized application developers, prompting many to describe it as Solana Killer.
The network has been under development for over four years and is valued at a whopping $1 billion. During its testing, the Aptos team claimed the network could handle 130,000 transactions per second, which is way ahead of the 30,000 TPS Ethereum network.
Aptos attracted some heavyweight VCs like Andreessen Horowitz (a16z) during its May strategic funding round, where it raised $200 million. Earlier this summer, Aptos also completed a $150 million Series A round led by Sam Bankman-Fried’s FTX.
APT is the native cryptocurrency of Aptos, which will be used for network fees. The token has a total supply of 1 billion.