The Block Research <a href="https://www.theblockcrypto.com/linked/74407/binance-ftx-poloniex-active-crypto-exchanges-defi-tokens" target="_blank" rel="noopener">published</a> a report stating that Binance, FTX, and Poloniex are the top three crypto exchanges that have listed the most active decentralized finance (defi) tokens on their platform.

A week ago, out of 13 DeFi tokens, Binance listed nine on its platform which included Maker and Compound. Later, six of them were listed by the FTX in the Tier-1 category and 11 by Poloniex in the Tier-2 category.

Recently many of the traditional services of the banks have been linked to blockchain technologies to offer their customers a DeFi service. 

Notably, its community has been working on every available financial service like saving and checking accounts, loans, asset trading, insurance, etc. so that it could create an alternative for those services.
<h2>Coinbase To Include Two More DeFi- Tokens</h2>
Recently, Larry Cermak of The Block has informed that presently the San Fransisco-based crypto exchange, Coinbase, has listed four of the DeFi tokens .i.e., Maker, Compound, Kyber, and 0x, on its platform. Soon it would be adding Gemini and Bitstamp too on its platform, this would help them in attracting more volume onto its platform.

The report further mentioned that the exchanges with Tier-3 have also added almost all of the DeFi tokens present in the market. 

But according to Cermak, “These exchanges don't have reliable volume and tend to be illiquid,”
<h2>Binance Listed BAL And Yearn</h2>
It has been notified in the report that since the time, the world’s largest crypto exchange Binance and San Fransisco-based exchange Coinbase has listed the DeFi tokens on its platform, they have experienced a surge in their price.

Recently, the BAL token of Balancer and Yearn was listed by Binance on its platform for trading. Soon both the tokens along with the YFI token of Finance experience an increase in their value by at least 50 percent. 

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Binance, FTX And Poloniex Among Top 3 Exchanges To List Active Defi Tokens

The Block Research reports Binance, FTX and Poloniex are those crypto exchanges which have listed the most active DeFi tokens on their platform.

Jyoti is a graduate from GGSIPU and has done her PG Diploma in English Journalism from IIMC. Presently, she is working as a content writer with Agio Support Solution Pvt. Ltd. Her aim is to provide informative content about cryptocurrency and blockchain, to the tech-enthusiasts.

Binance, FTX And Poloniex Among Top 3 Exchanges To List Active Defi Tokens

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