The adoption of the Digital Token Identifier (DTI) ISO standard by the Financial Information eXchange Protocol (FIX) is set to make it easier for traditional financial institutions to trade cryptocurrencies.
This move is an important step towards standardization in the cryptocurrency market and will make it easier for regulators to monitor digital trades for anti-money laundering and risk management purposes.
While Bitcoin and Ethereum are the most well-known cryptocurrencies, there are many other digital assets that could benefit from this development. Top on the list are cryptos like Ripple (XRP), Chainlink (LINK), and Big Eyes Coin (BIG).
Ripple (XRP): A Faster Alternative
Ripple is a cryptocurrency that is designed to make international transfers easier. It uses a consensus algorithm to verify transactions and is seen as a faster and more efficient alternative to traditional payment methods.
The adoption of the DTI standard by FIX could make it easier for financial institutions to integrate Ripple into their existing payment systems, which could increase demand for XRP.
As of the time of writing, the live XRP price today was $0.456685 USD, with a 24-hour trading volume of $1,084,445,315 USD.
Chainlink (LINK): In Greater Demand
Chainlink is a decentralized oracle network that gives real-world information to blockchain smart contracts. Its technology is used in a variety of industries, including insurance, gaming, and finance.
The adoption of the DTI standard by FIX could make it easier for developers to integrate Chainlink into their smart contracts, which could increase demand for LINK.
As of the time of writing, the live Chainlink price was $7.06 USD with a 24-hour trading volume of $189,898,095 USD.
$200k Worth of BIG Token Up For Grabs!
BIG is currently in its presale stage and will stop on June 3rd, with the team positioning it for success in the volatile crypto market by establishing a solid foundation, dedicating 5% of the overall supply to charitable donations, and offering a 300% extra token bonus to those who buy now using the code END300.
The competition that expires on April 30th, where people stand a chance to win $200k worth of BIG tokens by buying a minimum of $200 worth of BIG and applying the 300% bonus code, is also an attractive offer.
However, it’s important to note that the success of BIG will depend on a variety of factors, including market demand, adoption, and the overall strength of the cryptocurrency market.
Final Take
With the increased support for cryptocurrencies by FIX, it’s likely that more traditional financial institutions will start exploring cryptocurrencies beyond Bitcoin and Ethereum. This could lead to increased demand for other cryptocurrencies, such as BIG, which could benefit from greater exposure and adoption.
Overall, the adoption of the DTI standard by FIX is a positive development for the cryptocurrency market. It could make it easier for financial institutions to trade and integrate digital assets, which could increase demand for a variety of cryptocurrencies beyond Bitcoin and Ethereum.
Find out more about Big Eyes Coin (BIG):
Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL
Twitter: https://twitter.com/BigEyesCoin