Bitfinex Lists KAIA Token, Aims to Boost Blockchain Adoption in Asia

Bitfinex, a leading digital asset trading platform, has announced its plans to list KAIA, the native token of Kaia. Kaia is a layer-1 blockchain ecosystem designed to integrate Web3 seamlessly into everyday applications across Asia. This integration aims to make blockchain-based services more accessible to a broader user base, particularly in the region.

The Kaia ecosystem emerged from the merger of Klaytn and Finschia, two blockchain networks originally developed by messaging giants Kakao and LINE. With a combined user base of 250 million, these platforms support developers in building Mini Dapps within messaging applications like LINE and KakaoTalk. This approach is intended to bridge the gap between traditional digital services and blockchain technology, making it more user-friendly and accessible.

KAIA, the native token of the Kaia project, is used to pay transaction fees for creating or executing smart contracts, as well as for transferring the token itself. This token plays a crucial role in the ecosystem, facilitating transactions and incentivizing participation within the network.

Anoush Bhasin, Head of Listings at Bitfinex, highlighted the significance of Kaia's approach to blockchain adoption. "Kaia takes a practical approach to blockchain adoption by integrating with platforms people already use. This is critical to our industry’s collective goal of moving digital assets into the mainstream and onboarding new users," Bhasin stated. "We are thrilled to list KAIA and to provide our customers with access to its growing ecosystem."

Deposits for KAIA are expected to open at approximately 2:00 PM UTC on 10 March, 2025, subject to network conditions. Trading is planned to commence at approximately 2:00 PM UTC on 12 March, 2025, contingent upon liquidity requirements being met. KAIA will be tradable against US Dollars (KAIA/USD) and Tether tokens (KAIA/USDt).

Bitfinex, founded in 2012, is a digital token trading platform offering state-of-the-art services for traders and global liquidity providers. The platform provides a suite of advanced trading features and charting tools, along with access to peer-to-peer financing, an OTC market, and margin trading for a wide selection of digital tokens. Bitfinex's strategy focuses on providing unparalleled