Injective brings forex markets for EUR and GBP on-chain

Injective, the interoperable layer 1 blockchain for web3 finance, announced the launch of token versions of the euro and the chain sterling.

The launch of Forex Trading on Injective (INJ), with the EUR and GBP markets follows the unveiling of the blockchain platform of the Iasset frame, designed to provide traditional finances and real assets such as actionsgoods and now chain currencies.

Chain financing and tokenization Helps to approach the limits and obstacles to accessibility which currently affect the traditional Forex markets, Injective has declared in a blog.

Injective has already brought major actions such as Nvidia and Tesla on the blockchain via its tokenization framework. The addition of FX with pairs for the euro and the Sterling book extends this range, new assets having access to traditional financial markets to users of the decentralized financial ecosystem.

EUR and GBP are two of the most negotiated currencies in the world, alongside the US dollar and the Japanese yen. Remains, Forex is an amazing market of 7.5 billions of dollars, with daily transactions on various assets exceeding the actions of a mile.

The EUR / USD pair, for example, sees more than $ 1.71 billion in daily volume with its commercial accounts for more than 22% of all Forex transactions. The launch by injective FX trading pairs should extend access more with 24/7, 365 days a year on chain trading. In EUR and GBP Forex chain, trading on injective is available for users around the world.

“The expansion of injective in trading Forex with the EUR and GBP markets represents more than the addition of new trading instruments. It signals the maturation of DEFI in a complete alternative to traditional financial markets,” wrote Team Injective.

The injective incubated by Binance and supported by Pantera is among the best blockchain platforms by looking at the tokenization of assets and the Rwa market.

This opportunity to bring traditional chain financing instruments attracted other players, both in the Tradfi system and the crypto.

Earlier this month, Bloomberg reported That Robinhood Markets Inc. seeks to draw from the blockchain to bring American actions tokenized to European investors. Crypto Exchange Kraken should also reveal More than 50 tokenized stocks Large companies listed in the United States, notably Apple, Tesla and Nvidia. Kraken will also offer token FNBs.