Cryptocurrency exchange Phex announced that the platform will start trading in Axie Infinity (AXS), Polygon (MATIC), and Solana (SOL).
AXS is the governance token of the NFT game Axie infinity, which gained tremendous popularity during the booming NFT phase. Axis Infinity’s NFTs demand has since skyrocketed, attracting players and crypto enthusiasts from all over the world.
Polygon is an Ethereum token that supports the Polygon Network. Polygon Network intends to offer faster and cheaper transactions on Ethereum using Layer 2 sidechains. The network ranked 19th in the CoinMarketCap ranking.
Lastly, Solana is a layer 1 blockchain that provides DeFi solutions and offers high transaction processing speed, scalability, and low fees. Solana was launched in March 2020 by the Solana Foundation and is headquartered in Geneva, Switzerland.
The currency pairs are denominated in the “US dollar” peg-shaped stablecoin tether (USDT).
Phex had previously listed four stocks on its platform namely DOT, KUSAMA, XLM, and ALGO, in July 2021.