MIMO, the governance token behind Mimo DeFi, has officially been listed on Bittrex Global. In addition, PAR - Mimo’s stable token which is algorithmically pegged to the Euro — has also been listed. Its appeal to users of Bittrex comes from both owning the platform Mimo is built on as well as utilizing their native currency for those located in Europe.This marks Mimo’s largest centralised exchange listing to date and enables a wider audience to trade the MIMO & PAR tokens.PAR is exclusively minted in relation to loans on Mimo DeFi, the beginner-friendly lending platform that MIMO token holders help
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Cryptocurrency exchanges are platforms that facilitate the trading of cryptocurrencies for other assets, including digital and fiat currencies. In effect, cryptocurrency exchanges act as an intermediary between a buyer and a seller and make money through commissions and transaction fees.On common cryptocurrency exchanges, $100 can be exchanged for bitcoin of equivalent value, and vice-versa. Similarly, bitcoin worth $100 can be exchanged for Ethereum of equivalent value. The same concept can be applied to different assets based on what is offered by the exchange.Centralized vs. Decentralized Cryptocurrency ExchangesCentralized cryptocurrency exchanges act as a third-party between a buyer and a seller. Since they are
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