Leading cryptocurrency exchange OKEx has announced it’s set to list the Hedera Token (HBAR), the native cryptocurrency of an enterprise-focused public distributed network called Hedera Hashgraph.
According to a press release shared with CryptoGlobe, OKEx will be adding three HBAR-based trading pairs to its platform: HNAR/BTC, HBAR/USDT, and HBAR/USDK. The document notes Hedera Hashgraph’s technology and governance model have helped it stand out in the blockchain space.
The project’s blockchain is set to offer three services once access to it has been opened – these include the HBAR cryptocurrency, smart contracts, and a file service. Edgar Seah, Head of Asia Pacific for Hedera Hashgraph, stated:
Hbars play a crucial role in the function, growth, and security of the Hedera network, and it is important that they are available to those who wish to use or create applications on the network.
Hedera’s network is set to be governed by a council of 39 independent organizations, which includes IBM and Tata Communications. In the release OKEx noted its listing review process sets high standards when it comes to the projects it selects, as it looks into the project’s quality, its business model, and its community.
Andy Cheung, the exchange’s head of operation, noted Hedera and OKEx share the same goal of “building a trusted, safe, and fair digital future for everyone through developing a neutral, open-access infrastructure.“ He added the firm believes Hedera’s enterprise-grade ledger technology is a “big step forward in mainstream adoption of decentralization.”