[ad_1]
A crypto asset that is flying under the radar has printed 400% gains after receiving a big boost from one of the largest commercial banks in Thailand.
CoinGecko reveals that Alpha Finance (ALPHA) traded at an all-time low of $ 0.02 on November 3 before triggering a strong parabolic move to $ 0.1 on November 14.
Alpha Finance is a decentralized finance (DeFi) platform that is developing an ecosystem of products that will interoperate across multiple blockchains.
According to the DeFi asset website, ALPHA’s interoperability feature will drive cross-chain DeFi and cross-chain liquidity to deliver returns that outperform the market.
Prior to the rapid rise of DeFi coin, Alpha Finance Lab announced that it is partnering with SCB 10X, which is the investment arm of Thai banking giant Siam Commercial Bank (SCB).
SCB 10X is an early investor in San Francisco-based payments startup Ripple and crypto lending platform BlockFi.
Tascha Punyaneramitdee, head of the Alpha Finance Lab project, says the partnership seeks to bridge the gap between traditional finance and DeFi.
“Working closely with SCB 10X will allow Alpha Finance Lab to expand its DeFi ecosystem with invaluable traditional finance industry experience to connect the two worlds together.”
Alpha says that SCB 10X not only offers traditional banking expertise, but can also potentially provide retail clients to DeFi via fiat ramps.
Follow us on Twitter Facebook Telegram
Disclaimer: Opinions expressed in The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that transfers and trading are at your own risk and any losses you may incur are your own responsibility. The Daily Hodl does not recommend buying or selling cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock / Tithi Luadthong
[ad_2]Source link
