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Curve Protocol (CRV) Now Live on Coinmetro

by Kamil S

March 8, 2023

Introducing a DeFi Game-Changer

Days ago we listed CRV, ATOM and APE on the Coinmetro exchange, providing access to popular projects in decentralized finance and applications, as well as community-driven Web3 cultural initiatives. As promised, in this article we circle back to Curve Protocol’s native asset CRV to talk about how the network is trailblazing the DeFi space. Moreover, you will understand why we are making CRV available for trading and the many ways the protocol is connecting users to opportunities.   

USD/EUR Pairs Available:

⇨ CRV/USD & CRV/EUR 

How Does the Curve Protocol Work?

Curve Protocol is one of the largest decentralized exchanges primarily designed for stablecoins, offering low slippage rates and fees for exchanging tokens. The Ethereum-based network facilitates the exchange of various stablecoins such as DAI, USDC, USDT, while also supporting swaps for BTC, ETH, and others. 

Curve uses an automated market maker (AMM) for managing liquidity. More specifically, the protocol facilitates trading by using liquidity pools of assets provided by users, who can earn fees through their liquidity commitment.

The trading platform of Curve operates based on a mathematical function, which is specifically designed to enable stablecoins to be traded with each other at the most favorable rate. This mathematical function is commonly referred to as a bonding curve.

CRV is the utility token of decentralized exchange Curve and also the governance token of Curve DAO. Users can earn CRV tokens through governance, liquidity commitment and length of ownership. 

With a market cap of $657,256,758, CRV is currently ranked #68 on CoinMarketCap. Plus, with a 24-hour trading volume of $67,900,839 (as of March 9), it’s clear that traders are paying attention. 

📈 New Trading Pairs: CRV/USD & CRV/EUR 📈

Why Should I Hold CRV?

CRV’s inherent value is determined by its technology and functionalities, which facilitate traders in achieving minimal slippage and trading fees during their transactions. This is particularly important with large stablecoin transactions, where having low fees and minimal price variation becomes essential.

Holding CRV can provide users with exposure to the rapidly growing DeFi ecosystem. As more users enter the space, the demand for decentralized exchanges and governance tokens like CRV is expected to increase. 

CRV is also the governance token for the Curve DAO, and it allows holders to vote on various proposals and updates for the Curve network. This gives users a voice in the development of the protocol and ensures that it remains decentralized and community-driven. 

On the other hand, users can earn both trading fees and additional CRV rewards for providing liquidity.

⇨ Trade CRV/USD & CRV/EUR on Coinmetro ✅ 

Curve Finance was created by Michael Egorov and his development team in 2020, during a period which later became known as the DeFi Summer. In that year, decentralized finance took off, going from $700 million locked into smart contracts at the start of the year, to $15 billion by the end. The Curve Protocol was an important part of this development, signaling a large-scale DeFi adoption and an increased tendency for people to integrate stablecoins in their portfolios and trading.

📊 As you know, our pursuit in offering you the best selection of crypto assets is never over. Stay glued to our Learning Lab for upcoming articles about the other recent listings: ATOM and APE. On the Coinmetro exchange, you can instantly purchase a selection of 60+ digital assets that have been carefully researched by our Listing Committee. Which ones are you holding in your portfolio? 

🗣️ Let us know all about it in our Discord and Telegram community channels – a place to learn, chat and have fun every day. To become a Coinmetro user today,  Sign-Up now, or head to our new Exchange if you are already registered and experience our premium trading platform. 

Should you need any help, feel free to reach out to our world-class Customer Support Team via 24/7 live chat or email at hello@coinmetro.com.

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