As alluded to in this week’s Developers Update and Discord Conference Call, Daniel is in early discussions with two potential exchanges to include Safex in their listings.
At this stage it’s unknown who, where and when this will come through. It does seem, however, that it’ll be in line for the big push starting at the beginning of 2018.
During the conference call, Daniel mentioned that one of the Exchanges is based in Poland and that they’re an exciting new start up.
However, he didn’t mention a name, or if they’ll be listing the current BTC based Safex, or the upcoming Blockchain based Safex. My money is on the latter.
To date, Safex is currently listed on Bittrex, Cryptopia, Coinspot and the Korean exchange Upbit. This is great news for future Safex adoption across the mass market.
Note – Bittrex recently announced they are delisting Safex from their exchange. You can read more about it here and here.
How does a new exchange listing coins work? As of today 45% of coins are held by Bittrex with the ever increasing majority stored in Safex Wallets. I’m just curious how the new exchanges will acquire their coins. Thanks for the update!
Unsure of the exact details at this stage. Normally a small percentage (possibly Safex’s own holdings) are moved over to get the movement started. Others who have their Safex on Bittrex may move their coins over too.
If we DO get listed on these new exchange, you’ll probably see Bittrex’s holdings drop quite a bit.
*Alluded to
Thanks for pointing that out. Fixed.
thank you for the update
Great work rich thanks for the update
Appreciate the update and hearing about this possibility. I like the idea of getting connected to exchanges that are up-and-coming. This bodes well for getting more interest in the marketplace once it launches.
Are there any content-based contributions we can make around SAFEX that would help support new exchanges coming online? Blog posts? Anything that could help would-be investors learn more about SAFEX from multiple sources?
Hi David.
Thanks for the comments. It’s certainly a good sign that the Safex team are reaching out to new exchanges!
With regards to contributing towards Safex. I’m hoping to talk to Daniel soon about putting together a community outreach/marketing strategy. Nothing has been discussed yet, but as soon as i get further with it i’ll post about on the usual social channels.
Safex has a good fan base of ppl willing to invest and share the word. If it’s gonna reach some higher grounds, it’s gonna be trough our activity. I for one am trying to get my techie friends to get some assets in SAFEX. Step at a time.