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The Bitfinex exchange has begun trading tokens for Santiment, a data feed platform designed to show an objective state of crypto markets, similar to Bloomberg’s role with financial markets. SAN token holders can trade against BTC, ETH and USD.
Santiment raised 32,000 ETH in a preliminary community sale, followed by a pre-sale that Cofound.it’s Priority Pass community facilitated that raised 13,000 ETH in less than 60 seconds. Santiment is the first project to partner with Cofound.it, a platform that nurtures startups planning crowdsales.
A ‘Significant Milestone’
Santiment founder Maksim Balashevic said:
Santiment is delighted to be trading on Bitfinex, the largest digital asset exchange. The launch of SAN trading marks a significant milestone in achieving Santiment’s mission to build the future data feeds for the crypto-markets.
Balashevic said the cryptocurrency and blockchain space has lacked the type of service that Bloomberg and Thomson Reuters serve in traditional financial markets. As it begins trading on Bitfinex, with strong support from the community and Cofound.it, Santiment is positioned to be the financial market data and content platform of choice for crypto markets, he said.
The Santiment platform provides data feeds and content streams in addition to a regularly updated database of cryptocurrency projects.
By using objective data feeds, Santiment offers investors an open database, providing trading advantages and minimizing investment risks.
The platform also provides a comprehensive way to identify and prevent duplicitous crowdsale projects.
Also read: Crypto data feed platform Santiment raises $12.25 million in token crowdsale
Crypto Exchanges to Benefit
Data vending channels, including exchanges like Bitfinex, Bittrex and eToro, and asset management platforms like Melonport and ICONOMI, will also benefit from Santiment’s data solutions.
Bitfinex will provide margin trading for SAN pairs as the order book creates liquidity. The liquidity will enable users to trade with leverage via funding from the peer-to-peer margin funding platform.
Bitfinex CSO Phil Potter added:
Santiment’s impressive development and partnerships, as well as its highly successful crowdsale, highlights the company’s dedication to innovation and growing the cryptocurrency trading space with unprecedented data access. Bitfinex is proud to partner with Santiment and support our mutual goal to mature and grow faster the nascent crypto data industry.
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