Cryptocurrency News

PlayMining’s DEAPCoin (DEP) Secures Listing on Leading Crypto Exchange Huobi Global

By July 5, 2022 No Comments

Key takeaways:

  • DEAPCoin has been listed on the Huobi Global cryptocurrency exchange
  • DeapCoin is a token used in PlayMining, a GameFi ecosystem developed by Digital Entertainment Asset
  • Huobi Global is one of the largest cryptocurrency exchanges in the world

DEAPCoin (DEP) is now available for trading on Huobi Global

The Huobi Global cryptocurrency exchange has listed DEAPCoin (DEP), a token powering the PlayMining ecosystem. Initially, DEP is available for trading on Huobi Global in a trading pair against USDT, the most popular stablecoin on the market. DEP has been trading on Huobi Global since June 30.

The PlayMining ecosystem is developed by Digital Entertainment Asset, a Singapore-based project that’s focused on the GameFi space. PlayMining features several Play-to-Earn games, where users can earn crypto tokens for playing. Examples of games featured on PlayMining include Job Tribes, Fujiwara Kamui Verse and Menya Dragon Ramen.

The DEP token facilitates NFT trading in the PlayMining ecosystem, and also serves as a rewards token for players of the platform’s blockchain-powered games who successfully complete challenges and missions. Another way to earn DEP tokens is to achieve a high rank on the PlayMining platform’s leaderboards.

Digital Entertainment Asset founder and CEO Naohito Yoshida commented on DEAPCoin’s listing on Huobi Global and how it helps advance the company’s mission:

“We are very pleased to list DEP on Huobi Global, the world’s leading Singapore-based crypto exchange. I would like to thank everyone involved in the process. DEA’s mission to globally expand “Play to Earn” and Huobi Global’s strategy to lead the crypto asset industry with its strong global reach fit well together.”

The listing represents an important strategic step for DEAPCoin, which also secured a listing on Japan-based cryptocurrency exchange Bitpoint earlier this year.

DEAPCoin becoming available on Huobi Global makes the token accessible to a much wider audience, as Huobi Global is one of the undisputed leaders in the cryptocurrency exchange industry. In the last 24 hours alone, Huobi Global processed $1 billion worth of trades via spot markets and $1.3 billion in volume on its derivatives markets.

The exchange offers more than 800 trading pairs, making it a premier destination for altcoin traders.