Binance-Backed OpenOcean Integrated Fantom Right After Polygon

Binance-backed OpenOcean integrated Fantom to its list of networks in order to start providing better trading opportunities for the users so let’s find out more in our latest Binance news today.

As a part of the ecosystem expansion, the leading CeFi and Defi aggregator Binance-backed OpenOcean announced the integration of Fantom which is an open-source smart contract platform for decentralized applications to start offering users better tradign opportunities. According to the announcement, the initiative will see OpenOcean connect with other Fantom-based decentralized exchanges like Curve, SpiritSwap, SpookySwpa, and Sushiswap. Like all other aggregations, the move to add Fantom to OpenOcean’s list of networks is only driven by the users’ demands and many of their inquiries into the Fantom-based cryptos. While commending the community for giving support of Fantom, the founder of the platform Cindy Ng said:

“Fantom is an exciting scalable blockchain platform, which has already given birth to some of the most popular DEXes out there. For that reason, aggregating OpenOcean and Fantom was a necessary step to take. We look forward to providing even more trade options at the best prices.”

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— OpenOcean (@OpenOceanGlobal) October 4, 2021

Traders can take advantage of the best prices for the Fantom-based assets via OpenOcean’s upcomign Atlantic version that is scheduled for launch later this month. Despite going live a year ago, OpenOCena recorded huge growth across various quarters especially in the number of active addresses with the volume of transactions processed rising as well as the number of supported networks and exchanges.

With the latest developments, Fantom became the 10^th network to get added on OpenOcean as the Cefi and DeFi aggregator continues to seek the best prices and opportunities for the growing customer base. Some of the supported networks include Polygon, Ethereum, Arbitrum, Binance Smart Chain, and others. The reports showed that the addition of Avalanche to OpenOcean’s aggregator was a part of the efforts to improve liquidity and to offer clients better rates. OpenOcean integrated 10 different networks since the launch of September 2020 but the aggregator has been connected with more than 45 decentralized and centralized exchanges.

The number of active addresses on the platform is increasing continuously since the platform made its debut last year with more than 300,000 active unique addresses being recorded. The platform has processed over 270,000 transactions that carry $2.1 billion since its launch.