Injective Launches Onchain Forex Markets for EUR & GBP

Bitget App

Trade smarter

Bitget

News

CryptoNewsNet2025/06/02 12:48

By:cryptonews.net

Injective, Layer-1 blockchain optimized for building Web3 finance applications, now provides access to foreign exchange trading with EUR and GBP pairs. Injective also introduced iAsset, a framework which enables major traditional finance (TradFi) assets such as stocks, commodities and now FX to move onchain.

Injective's Advantage to Traditional Forex Markets

Injective offers continuous forex trading 365 days per year, including weekends and holidays when traditional markets remain closed.

Bridging TradFi with DeFi

Certain critical pain points have plagued traditional currency markets. Counterparty risk, a persistent concern in over-the-counter forex trading, is eliminated through smart contract automation and decentralized settlement mechanisms. Injective's permissionless architecture enables anyone with an internet connection to access institutional-grade forex trading capabilities. Smart contracts can execute complex hedging strategies automatically, respond to market conditions in real-time, and integrate forex positions with broader DeFi protocols.

Image: Injective

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops

Lock your assets and earn 10%+ APR

Lock now!

- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.

Bitget-RWA•2025/09/12 06:14

FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn

OPEN has dropped by 189.51% within 24 hours during a significant market pullback

- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.

Bitget-RWA•2025/09/12 06:14