Santiment, a datafeeds platform displaying an accurate representation of the state of crypto-markets, has announced that its Santiment token – SAN – is now trading on Bitfinex. The Bitfinex cryptocurrency exchange added the token and allows SAN token holders to trade against BTC, ETH, and USD. The announcement follows Santiment’s two-stage token crowdsale which closed on July 5th 2017, raising over $12 million USD worth of ETH.
Founder of Santiment, Maksim Balashevich 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 datafeeds for the crypto-markets. Bloomberg and Thomson Reuters serve a critical role in traditional financial markets but the cryptocurrency and blockchain space has lacked a viable counterpart. As Santiment begins trading on Bitfinex, with strong support from the community and Cofound.it behind us, we are perfectly positioned to be the financial market data and content platform of choice for the crypto market.”
The Santiment platform offers datafeeds and content streams, including newswires, alongside a regularly updated database of cryptocurrency projects. Using objective data feeds and specifically cafted content, Santiment aims to provide investors with an open database of projects to give trading advantages and minimize investment risks.
In addition, the platform provides investors with a comprehensive way to identify and avoid duplicitous crowdsale projects. Data vending channels, including exchanges like Bitfinex, eToro, and Bittrex, and asset management platforms such as ICONOMI and Melonport, should also benefit from Santiment’s data solutions.
Bitfinex will enable margin trading for SAN pairs as the order book develops appropriate liquidity, letting users trade with leverage via funding from the peer-to-peer margin funding platform.
Phil Potter, Bitfinex CSO, stated: “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.”
Santiment has also partnered with Cofound.it, a platform for nurturing and incubating start-ups that are planning crowdsales. Santiment raised 32,000 ETH in a preliminary community sale, followed by a pre-sale facilitated by Cofound.it’s Priority Pass community, which raised 13,000 ETH in less than 60 seconds.