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Mercado Bitcoin Integrates INJ, Injective’s Native Token
Brazil’s largest cryptocurrency exchange, Mercado Bitcoin, has integrated INJ, the native token of the Layer-1 Injective blockchain. This integration allows over 3 million Mercado Bitcoin customers to access the Injective ecosystem using fiat currencies like the Brazilian Real via its fiat to crypto on-ramp.
With this integration, users can now engage with Injective’s decentralized finance (DeFi) ecosystem, which currently holds over $43 million in total value locked. The Injective ecosystem offers various DeFi applications, including lending, borrowing, and yield farming.
Price Surge and Market Impact
Following the integration, the price of INJ surged by approximately 15.6%, rising from a 24-hour low of $20.52 to $23.72 during early trading hours on Dec. 24. This price increase indicates a positive market response to the integration.
About Mercado Bitcoin
Founded in 2013, Mercado Bitcoin has grown into one of Latin America’s largest cryptocurrency exchanges. The exchange has been actively working to improve financial accessibility in Brazil through strategic collaborations with leading blockchain projects.
Recent Partnerships and Developments
Mercado Bitcoin has recently partnered with blockchain payments firm Ripple, becoming the first business to integrate Ripple Payments. This partnership enables faster, cheaper cross-border transactions, enhanced security, and real-time liquidity optimization.
The exchange has also listed Ripple’s dollar-pegged stablecoin, Ripple USD (RUSD), and collaborated with Mastercard to enable live transaction capabilities across Latin American and European corridors.
Tips for Investors
If you’re interested in investing in cryptocurrencies like INJ, consider the following tips:
- Conduct thorough research on the project and its ecosystem
- Understand the token’s use cases and potential applications
- Stay up-to-date with market news and trends
- Diversify your investment portfolio to minimize risk
Stay informed about the latest developments in the cryptocurrency market by following Global Crypto News. For more news and updates on cryptocurrencies, blockchain, and finance, visit our website.
