Singapore-based crypto exchange AscendEx announced on Tuesday that it has listed Covalent, a blockchain infrastructure solution provider, on its platform. Covalent is listed under the ticker symbol CQT. In addition, the exchange has listed Covalent under the trading pair (CQT/USDT).
Covalent aims to make on-chain data available cheaply and openly. The company offers a single API to access all chain data, and its transformation language ‘Primer’ allows developers to collect data as needed.
It has already indexed and decoded various blockchains and is accessible to developers through an integrated API. “Being approachable to a non-technical user, the Covalent API normalizes the subtleties of different blockchains with the single unified API,” the announcement read. “Developers do not need to understand the arcane nuances when porting over to a multi-chain future.”
CQT, the native token of Covalent, allows users to earn rewards by staking their tokens as validators.
AscendEX announced on November 4th that it has raised $50 million in a series B funding round led by Polychain Capital and Hack VC. The round saw participation from Jump Capital, Alameda Research, and several others.