The PENGU Spot ETF is the first NFT-based crypto ETF application, as Canary Capital aims to merge NFTs and DeFi—will the SEC approve this groundbreaking move

January 2024 marked a pivotal point in the crypto industry: the US Securities and Exchange Commission (SEC) approved a bunch of 

 (ETFs) after a decade of resisting it. Later that year, several Ethereum (ETH) Spot ETFs were also approved. These early successes encouraged investment funds focused on digital assets to seek approvals for other 

 (AVAX) and other high-cap cryptos have ended up on the SEC's desk in recent months.

Until Mar 20, 2025, one thing had never occurred: an 

-based crypto ETF application. Such a move was thought to border on impossibility, given how stringently and at length the SEC evaluated ETF applications even for established fungible cryptos. And yet, the Canary Capital investment manager submitted an application to the SEC for approval of the first NFT-focused crypto ETF product, the PENGU Spot ETF, triggering a mini-revolution in the emerging space at the junction of crypto and traditional finance.

If approved, this ETF will be the first of its kind in the industry, based on a mix of 

. Many observers expect Canary Capital to struggle mightily for SEC endorsement of its revolutionary product. Nevertheless, the SEC now has a track record of approving crypto ETFs — which raises hopes for both the altcoin ETFs mentioned above and the PENGU Spot ETF application.

The PENGU Spot ETF is a proposed exchange-traded fund (ETF) product introduced by the Canary Capital investment management firm, and is currently awaiting approval by the SEC. 

 on Mar 20, 2025, making this the first crypto ETF product with an NFT component that’s vying for the approval of America's primary financial regulator. The ETF has been registered in the US state of Delaware.

The Pengu Spot ETF's portfolio is envisioned as consisting primarily of PENGU tokens that will make up anywhere between 80% and 95% of total assets held, with the rest allocated to Pudgy Penguins NFTs. Small portions of Solana's SOL coins and Ethereum's ETH tokens will also be included in order to facilitate transactions and liquidity support, as PENGU tokens are mainly issued on the Solana blockchain, and Pudgy Penguins NFTs are an Ethereum-based collection. 

Since Canary Capital will hold these assets and periodically rebalance the portfolio, gas fee payments on Solana and Ethereum will apply, with fees paid in SOL and ETH, respectively.

Launched in 2021 on Solana, the Pudgy Penguins NFT collection consists of 8,888 items, each depicting a cute penguin with a distinct combination of five different traits. In December 2024, the project introduced a related fungible cryptocurrency, the Ethereum-based PENGU token. As of Apr 2, 2025, PENGU is a smaller-cap asset, ranked 191st in the crypto market, with a total 

 of $319 million. In contrast, Pudgy Penguins are among the leading projects in the NFT space, ranked second among all NFT collections, with a market cap of $155 million.

Canary Capital's application to the SEC is unique in two ways: it’s the first ETF with an NFT component, and it marks the first time ETF approval has been sought for a relatively smaller-cap cryptocurrency, PENGU, which isn’t even among the top 100 crypto assets by market cap. All of the other crypto ETF applications approved by the SEC (or currently vying for approval) are based on high-cap, leading assets that are typically ranked within the top 30.

As of Apr 2, 2025, the SEC has had the application for the PENGU Spot ETF application for just two weeks. The regulator has up to 240 days to review such applications, although historically, the SEC has pondered over crypto ETF applications for years. Now, however, the string of Bitcoin and Ethereum Spot ETF approvals in 2024 raises hopes that newer submissions may be subject to an already established evaluation framework — and thus greenlighted much faster.

At the moment, the SEC is also considering spot ETF applications for several high-cap cryptocurrencies, including Dogecoin, Solana, Polkadot, 

 (XRP). If the regulator decides to approve the applications in batch mode — all or several at once — Canary Capital will have reason to hope that its ETF is included.

However, there's been skepticism regarding the PENGU Spot ETF application, with some analysts believing that its chances might differ from those of the larger, more established altcoin ETFs. This isn't surprising, as a PENGU Spot ETF would be a distinct product, being the first NFT-focused ETF. In addition, NFTs have more limited liquidity than fungible cryptocurrencies. 

NFTs may also be harder to valuate objectively. The prices of fungible cryptos are easily sourced from the crypto market, where supply and demand establish their value. In contrast, the limited liquidity and uniqueness of NFTs makes it much harder to price them efficiently.

Moreover, the PENGU token — which will make up most of the proposed ETF — isn't among the most traded assets in the crypto market. Because PENGU has a modest position in the crypto space (along with its origins as a 

), the SEC could view it with more skepticism than it does the leading altcoins.

Naturally, all these factors are just speculation at this point, and we’ll need to wait on the SEC’s initial comments regarding the first NFT-based ETF under their consideration in order to form a more defined view of the product's prospects for approval.

Current impact of the PENGU Spot ETF application on the crypto market

The news of the PENGU Spot ETF application has so far had no appreciable impact on the price of the PENGU token itself. On the day of the application (Mar 20, 2025), the token was trading at around $0.007. Two weeks later, it's still hovering around the same price. 

On the other hand, there's been a modest increase in the average price of Pudgy Penguins NFTs traded on the market: between March 20 and 28, the average price rose by 16% from around $16,450 to $19,120, though it has since retraced slightly to $17,490 as of Apr 2.

Given the modest price effect, investors are likely still cautious about the chances for the PENGU Spot ETF's approval.

However, if it is approved, the broader impact on the crypto market could be far-reaching, as such a step would signify the SEC's openness to both NFT-based ETFs, and ETFs made up of smaller-cap cryptocurrencies, including meme coins. The number of tokenized asset funds that offer NFT-based products would then be likely to increase significantly, facilitating mainstream NFT adoption within traditional financial markets.

An SEC approval of the PENGU Spot ETF may lead to a flurry of further ETF applications based on NFTs in some form. This could even include the first ETFs composed entirely of NFTs. Other crypto asset types — e.g., 

 (RWAs) — may also become candidates for the SEC’s consideration. Furthermore, in the unlikely event that Canary Capital’s PENGU Spot ETF were to be approved ahead of the altcoin spot ETFs currently in the SEC’s pipeline, it would send a very strong signal that those ETF applications are also a sure bet.

The current PENGU Spot ETF application is a pioneering event that may open up opportunities for NFT ETFs and other crypto ETFs based on partial NFT holdings. Although the SEC approved multiple Bitcoin Spot ETFs in early 2024, few people expected an NFT-based ETF to emerge so soon afterward. Probably even fewer expected a meme coin–based ETF to be taken seriously by the SEC. Unique in so many ways, the PENGU ETF flips the entire concept of traditional ETFs on its head.

Canary Capital's attempt to get approval for an NFT-backed ETF is truly a bold undertaking, though observers said the same thing about 

 just a few years ago. Someone needed to become a trailblazer in this area — and Canary Capital has taken up the noble role without hesitation. Now, all eyes are on the SEC as it prepares to weigh in on a product it has never before encountered.

Intermediate

pengu etf.png

PENGU Spot ETF: A bold move for NFT investing — or just hype?

In this article, we break down what to expect from Liberation Day and how it could shape the outlook for equities, the US economy and crypto markets.

 April 2, 2025 as "Liberation Day" — a moment he claims will restore America's trade fairness through sweeping reciprocal tariffs. With few concrete details confirmed, global markets remain on edge. Investors are bracing for the economic fallout of a potential trade war, and crypto traders are watching closely to assess the impact on digital assets. In this article, we break down what to expect from “Liberation Day” and how it could shape the outlook for equities, the US economy and crypto markets.

Since returning to the White House in January 2025, President Trump has prioritized reshaping US trade policy with a renewed focus on tariffs. His administration has already announced 

 on all steel and aluminum imports. Many of these actions take effect this week, coinciding with his so-called Liberation Day.

Trump argues that tariffs are a necessary tool to reduce the US trade deficit and force foreign nations to stop what he calls "economic warfare" against the American worker. Treasury secretary Scott Bessent 

 countries with persistent trade surpluses — dubbed the 

 — as primary targets for reciprocal tariffs. These include China, the EU, Canada and Mexico.

However, critics point to the growing risk of a global trade war, with multiple partners already threatening or initiating retaliatory measures. Goldman Sachs recently 

, citing declining business confidence and mounting economic uncertainty. The tariffs, designed to protect US industries, could instead raise prices and weigh on consumer spending.

What to expect from Trump's ‘Liberation Day’ announcement

Trump is expected to reveal his tariff plans in a Rose Garden press conference on April 2. White House press secretary Karoline Leavitt 

 that the president would impose tariffs on "any country that has treated the American people unfairly" — though no nation-specific exemptions have been confirmed. Trump has promised these reciprocal tariffs will be 

While final details remain under wraps, proposals have included both country-wide and sector-specific tariffs. These could range from uniform, percentage-based levies to targeted charges on industries like pharmaceuticals, semiconductors and autos. Trump's advisers, including Trump trade adviser Peter Navarro and commerce secretary Howard Lutnick, claim the new tariffs could generate over $600 billion annually — though many economists dispute this figure.

Delayed tariffs on Canadian and Mexican imports, 

 in early March, are also set to take effect this week. These include taxes on agricultural products, energy goods and automotive components. Trump has also 

 a 25% tariff on imports from countries that purchase oil or gas from Venezuela.

Given the administration's conflicting signals in recent weeks, there's a wide range of potential outcomes. Whether “Liberation Day” ushers in immediate enforcement, additional delays or future negotiation rounds remains to be seen. For now, uncertainty reigns.

Potential impact on the US economy and global markets

Economists warn that broad-based tariffs could lead to slower US growth, higher consumer prices and widening inequality. Goldman Sachs now 

 Trump's trade policies to reduce annual GDP growth to 1.5% from 2%, while the odds of a recession are being raised from 20% to 35%.

Global equity markets have already shown signs of stress. European and Asian indices dipped ahead of “Liberation Day,” while the S&P 500 and Nasdaq-100 

 in March (respectively). Auto manufacturers, tech firms and retailers could be especially vulnerable if tariffs disrupt global supply chains.

There's also the question of the Federal Reserve's response. With inflation risks rising, policymakers may hold off on anticipated rate cuts, further complicating the economic outlook heading into Q2.

How will ‘Liberation Day’ affect the crypto industry?

Crypto markets have mirrored broader risk sentiment over the past quarter, with investors reducing exposure amid macroeconomic turbulence. As of April 1, the 

 is down 16.9% year-to-date. Bitcoin has fallen 10.48%, Ethereum 44.2% and Solana 33% — despite reaching new highs in January on hopes for pro-crypto policies from the Trump administration.

Investor optimism has since cooled as recession risks, inflation concerns and policy unpredictability drive a risk-off mood. Bitcoin dipped to $81,656 over the weekend, marking its weakest Q1 since 2018. Traders remain cautious ahead of “Liberation Day,” awaiting clarity before opening new positions.

“Liberation Day” could further weigh on crypto prices if market volatility increases and capital rotates out of risk assets. However, some analysts believe any resulting sell-off may offer an opportunity to 

 — especially if Trump follows through on crypto-friendly regulation later this year. For now, though, many eyes are on April 2.

With details still unknown, the crypto market remains in a "wait-and-see" phase. “Liberation Day” could mark a turning point — for better or worse — depending upon the scope and execution of Trump's tariff agenda.

Trump Liberation Day.png

Trump's 'Liberation Day': What it means for crypto markets

Grayscale has filed to convert its private Digital Large Cap Fund, which includes Bitcoin, Ethereum, XRP, Solana, and Cardano, into a publicly available exchange-traded fund (ETF). 

Daily top performer — Compound Finance (COMP)

The S&P 500 rose 0.38% as investors awaited new tariffs amid weak factory data and declining job openings. Gold eased to $3,113 after hitting a record high, driven by profit-taking ahead of Trump's tariff announcement, but remains strong due to safe-haven demand and economic uncertainties. The Coindesk Indices, which tracks the broader crypto market, are up by 1.30%, with Bitcoin and Ether are up 3.10% and 5.19%, respectively, in the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this 

Today's top performer is COMP, up 14.3%, following the proposal for the creation of a foundation to ensure consistent leadership and coordination by Compound.

Compound Finance (COMP), launched in September 2018, is a DeFi lending platform that allows users to earn interest on crypto assets. Built on smart contracts, it adjusts interest rates based on supply and demand, connecting lenders and borrowers without intermediaries. In June 2020, Compound decentralized with the launch of COMP and full governance transfer. However, it lacks a core operational pillar. With Compound v4 development and increased community engagement, the need for consistent leadership has grown. To address this, Compound Labs 

 creating a Compound Foundation for structure, clarity, and coordination, similar to other ecosystems like Uniswap.

Check out the latest prices, charts, and data of 

 to convert its private Digital Large Cap Fund, which includes Bitcoin, Ethereum, XRP, Solana, and Cardano, into a publicly available exchange-traded fund (ETF). The fund, which currently holds 79.4% Bitcoin and 10.69% Ethereum, has grown by 478.83% since its launch in 2018. The conversion would allow everyday investors to access the crypto market, covering about 75% of the digital asset market cap. If successful, it would eliminate the current barrier that restricts access to accredited investors. The filing is still in progress, with management fees and other details pending.

Yesterday, BTC spot ETF had a total outflow of $157.8 million, with GBTC seeing a loss of $10.1 million and non-GBTC products losing $147.7 million.

 that its airdrop might be approaching, with a claim page now live. Registration for the airdrop runs from April 2 to April 17, and claims are expected to open on April 22. However, nothing has been officially confirmed yet. Stay tuned for updates.

Beginner

3.png

Grayscale files to convert digital large cap fund into publicly accessible crypto ETF

In this guide, we'll dive into how to trade crypto with the Bybit app, a convenient and feature-rich platform. Explore spot and derivatives trading for beginners on the Bybit app.

Welcome to our step-by-step guide on trading using the Bybit app. In this article, we’ll walk you through everything you need to know — from downloading the app and setting up your account to executing spot, margin and derivatives trades. Bybit is a leading cryptocurrency exchange that offers a fully localized and user-friendly mobile experience, making it easy for both beginning and seasoned traders to manage their investments seamlessly.

First, download the Bybit app from the App Store (iOS) or Google Play (Android). Once you’ve installed the app, open it and select your preferred language.

 and register using your email address or phone number. Complete the verification process by submitting your mainland Chinese ID or passport as required. This step is crucial to ensure your account is secure, and to unlock higher withdrawal limits.

After verifying your identity, head over to the 

 tab to fund your account. You can directly deposit cryptocurrencies like BTC or USDT. Our 

 (UTA) streamlines fund management, allowing you to trade seamlessly across different markets without the hassle of multiple wallets.

Spot trading with Bybit lets you buy or sell cryptocurrencies at current market prices with immediate settlement.

To begin, log in to the app and tap on the 

Choose your desired trading pair, such as BTC/USDC or ETH/USDT, from the list.

 lets you specify a price at which you want to buy or sell. 

Enter the amount you wish to trade, review the details and confirm your order.

Once your order is executed, monitor its status in the 

Bybit has an intuitive interface that displays real-time updates, so you can track your trades anytime with ease. 

How to execute a spot margin trade with the Bybit app

For traders looking to leverage their positions, Bybit offers a spot margin trading feature that allows you to borrow funds to increase your buying power. Start by logging into your account and tapping on 

Choose a trading pair, such as ETH/USDC, which supports margin trading with leverage options of up to 10x. 

Once your trading pair is selected, you’ll need to select the margin amount (e.g., 

 at which you want your limit order to execute.

You’ll also see several other important metrics, such as 

Enter the amount you wish to trade, and then carefully review all of the details.

After confirming your order, your margin trade will be executed. You can track your position in the 

 tab, where you can also set up stop-loss or take-profit orders to manage risk. 

How to trade derivatives with the Bybit app

Bybit also offers derivatives trading, which allows you to speculate on the price movements of cryptocurrencies without actually owning the underlying assets. Derivatives include Futures and Perpetual contracts, which can be traded with leverage, sometimes up to 100x.

To start, log in to your account and tap on 

Set your desired leverage (e.g., 50x) and choose between 

 margin modes, based on your risk preference.

 (if using limit or conditional orders) and 

Once you’re satisfied with your parameters, confirm your order and your position will appear in the 

Trading with the Bybit app offers numerous advantages that make managing digital assets both efficient and secure. The platform’s user-friendly design, high-speed execution and comprehensive risk management tools cater to traders of all levels. Our Unified Trading Account (UTA) streamlines fund management by consolidating assets for spot, margin and derivatives trading under one account, which reduces operational complexity and enhances overall efficiency. This streamlined approach lets you focus on strategy rather than logistics.

Additionally, Bybit’s state-of-the-art security measures — such as multi-factor authentication, regular independent audits and cold storage of assets — ensure that your transactions are conducted safely and transparently. With an interface designed to minimize distractions and provide real-time data, you can quickly monitor market movements and adjust positions. 

Our commitment to a secure and reliable trading experience is evident in our continuous improvements and proactive customer support. These features empower you to make informed trading decisions, fostering confidence in your ability to navigate the dynamic crypto market.

Bybit delivers a secure, robust and intuitive mobile platform that simplifies cryptocurrency trading for everyone. In this guide, we’ve explored how to set up an account, fund it and execute various types of trades — spot, margin and derivatives — using a fully localized and user-friendly interface. Our Unified Trading Account and comprehensive risk management tools ensure a smooth trading experience so you can focus on growing your investments.

Looking ahead, Bybit remains dedicated to innovation and excellence in the crypto industry. We continually refine our platform, based on user feedback and market trends, ensuring that you have access to the latest tools and features. Our commitment to transparency and security underpins everything we do as we build trust and empower traders. 

How to trade spot crypto on Bybit app.png

How to trade with the Bybit app

Crypto

DeFi

Used for trading, portfolio management and more, REN crypto could well be the key to advancement of the crypto industry. Find out more here.

REN-Crypto-The-Next-Big-Thing_1600x900.jpg

Throughout the ages, human beings have continually created solutions to simplify various life functions. From the invention of the wheel to 21st-century leaps in technology, no effort has been spared when it comes to making our lives more comfortable and convenient.

The cryptocurrency space has been booming, with a wide variety of coins now available on different exchanges. At present, the greatest challenge crypto investors face is to successfully manage investments in a highly volatile market.

The solution to this problem arrived in 2017, when software developers Taiyang Zhang and Loong Wang launched the Ren project. Originally named Republic Protocol, Ren was created to handle multiple cryptocurrencies without compromising on convenience. Users can store their crypto securely on the Ren network and use its token, REN, to make daily trades.

This article explains what Ren is, how it works, and how you can use REN to organize and streamline your crypto portfolio.

Ren is a software that incentivizes a global peer-to-peer (P2P) transfer of new and existing crypto assets across diverse 

With Ren, users can lock digital assets like Bitcoin in smart contracts and receive the equivalent in Ether on the 

. Bitcoin holders can then use Ren to access Ethereum’s suite of decentralized finance (

) products without selling their bitcoins. 

Using these Ethereum tokens, users can also participate in Ethereum’s 

 ecosystem on lending and borrowing platforms like 

. Throughout this process, the user’s bitcoins remain locked in the Ren software. 

If users want to unlock their funds, they’ll need to use the REN cryptocurrency to pay nodes to maintain and operate the network.

RenVM is a virtual machine that performs private computations through a decentralized network, without disclosing the underlying information. It acts as a trustless custodian for cryptocurrency — every 

 token minted is backed by BTC tokens of an equivalent amount, stored in the RenVM. RenVM uses advanced technology to facilitate the exchange and protect traders’ privacy in the following ways:

: A cryptographic principle that breaks down secret data into parts held by various participants. REN uses this process to conceal private keys in the RenVM network, which also helps protect them from 

: An algorithm that enables developers’ code to run without disclosing the inputs or outputs. sMPC opens up endless possibilities for sharing data privately between competing parties so they can cooperate and gain mutually beneficial insights from that data. It essentially provides a solution to the growing issue of privacy and data collection.

: An algorithm that allows the Ren network to function effectively even if some nodes were to stop operating. It helps prevent system failures and false transactions, thus increasing the overall reliability of the blockchain.

: RenVM’s consensus mechanism, which helps safely process transactions with a high speed of 

. It works on the principles of a high-speed and low-latency 

, providing tremendous scalability for cross-chain interactions.

RenBridge is a relatively new decentralized application (DApp) that allows anyone to mint BTC, BCH, ZEC and other cryptos on Ethereum as ERC20 tokens (renBTC, renBCH and renZEC, respectively).

For example, a user can send their bitcoins to RenVM, which creates new renBTC tokens on Ethereum, representing the value of the original bitcoins. RenVM then stores the original funds securely, allowing the user to retrieve their bitcoins any time by paying a small fee. 

As of 2020, the RenBridge allows for swapping of Bitcoin, Bitcoin Cash and Zcash to Ethereum. Since the release of RenVM in May 2020, over 

REN coins can be used for various functions like trading, portfolio management, and borrowing and lending of DeFi products.

REN can also be used to run Darknodes. Traders need to deposit 100,000 REN into the Darknode registry contract before coins can be minted and redeemed. REN coins are also used to pay individuals who serve as Darknode operators.

Unlike other cryptocurrencies, users don’t need to buy or hold REN in order to access its platform. Instead, users pay fees in the cryptocurrency of the blockchain through which they’re handling their economic activities. For example, if user X wants to access the Ren platform using renBTC, they have to pay the transaction fee in Bitcoin.

The RenVM (virtual machine) is the core software on which Ren runs. When users want to create or destroy a token, they have to pay a fee that’s dispersed to Ren’s Darknodes. The Darknodes are then responsible for verifying that the user has deposited the asset.

Once the asset deposit has been confirmed, the darknodes mint a token representing that asset’s ownership. Darknodes also render computing power and storage space on the Ren network.

RenVM arranges Darknodes into new shards once a day to prevent them from stealing assets from the deposit address. This makes it nearly impossible 

The price of REN is influenced by many factors, such as market sentiment, project news and developments, the flow of cryptocurrency on exchanges and the economy in general.

As the adoption rate of RenVM increases, more people will be incentivized to run nodes. This will increase the demand for REN bonding, driving up the price and 

At the time of this writing, the price of a REN stands at around $0.97, with a 24-hour trading volume of approximately $130 million. It currently ranks #91 on CoinMarketCap. [Editor’s note: after the bullish run at the beginning of October, these figures — as well as the live market cap — are significantly higher, with REN ranking #82.]

 of approximately $960 million, a current 

 of 997,764,051 REN coins, and a maximum supply of 1 billion REN coins.

 was sold to investors, with 8.6% in a public sale and 56.6% in a private sale. Of the remaining 34.8%, 50 million REN were distributed to the partners and community development team, 99 million REN to the REN team and advisors, and nearly 200 million REN to the company reserve.

The larger supply of the REN token is restricted, because the REN utilized as bond for operating Darknodes has been taken off the market. At present, there are 1,769 Darknodes registered, which implies that 176.9 million REN (17.69% of the maximum supply) are bonded in these nodes.

REN is an ERC20 token, so you can use any Ethereum-supporting wallet to store it. However, it’s best to choose a wallet based on the amount of REN you have and what you plan to do with them. The three types of wallets are:

Hardware wallets or cold wallets, like Trezor or Ledger, are among some of the most reliable options, as they come with safe offline storage and backup features. However, they’re usually more expensive and can be somewhat difficult to use. Therefore, cold wallets are more suitable for experienced users who own large amounts of REN tokens.

Software wallets, on the other hand, have simple interfaces and are usually free to use. Whether custodial or noncustodial, a software wallet can be downloaded to your smartphone or computer. With custodial wallets, the service provider manages and backs up the private keys on your behalf. Alternatively, noncustodial wallets use secure elements on your device to store the private keys. Although software wallets aren’t as secure as their hardware counterparts, they’re easier to use, making them an ideal choice for newbie users with a few REN tokens.

Online wallets or exchanges, also known as hot wallets, can be accessed using a web browser. These are less secure than hardware and software wallets, and require users to have a certain level of trust in the platform. Online wallets are best for storing small amounts of REN or executing frequent trades. The one precaution you need to take is to pick a service with a good reputation and strong security measures in place.

Whether you’re an expert trader or new to crypto investing, follow the steps below to buy REN crypto easily.

REN is traded on several major exchanges, making it a great starting investment for anyone. Before you create an account, it’s important to check the broker’s list of supported coins, as not all brokers support REN crypto trading. It’s also advisable to create a list of cryptocurrencies you wish to invest in before picking a broker. Once you find a broker who supports all the coins on your list, you can create a single account to meet all of your investing needs. In addition, consider local availability, fees, and order types.

Next, you’ll have to decide how you want to store your REN tokens. These tokens can be left on your brokerage exchange wallet, but that involves the risk of your account or the exchange getting hacked. Alternatively, you could set up a private wallet with your own set of keys.

After deciding which exchange works best for you and how you want to store your tokens, you can execute purchases through a broker’s trading platform. First, you’ll need to submit an order to the broker and wait for a response. As with 

, you can place different types of orders. Two of the most common include:

Once the order is filled, your tokens will be reflected in your account wallet. The amount of time to fill each order depends on the type of order, as well as current market conditions.

Before investing in REN, it’s important to know two things: 1) its current performance, and 2) its future price projections. Here are a few statistics to help you decide: 

[Editor’s note: The price of REN on October 2, 2021 has reached $1.29, at least for the moment.]

According to present data, Ren and its market environment have been in a bullish cycle for the last 12 months. Considering the upward trend of Ren’s journey so far, it definitely looks like a solid investment opportunity. Still, it won’t hurt to evaluate your personal financial goals before jumping in, just to see where REN fits into the picture. Do your own research and read up on investment advice as well.

With RenVM capturing the rising demand for cross-chain liquidity, the Ren protocol is set to take the lead in the DeFi revolution. Ren’s trustless and decentralized nature enables it to stand out from competitors like THORChain, Efinity and BandChain. Furthermore, Ren consists of a network of nodes that employ advanced technical algorithms for maximum security.

Since its inception in 2017, Ren has undergone multiple developments and integrations. Although only a handful of cryptocurrencies and blockchains are currently supported on the platform, many more are in the pipeline. In the near future, Ren could well become the ultimate link that connects the crypto sector.

REN Crypto: The Next Big Thing

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards