Bybit Spot to list CAP/USDT on June 26

HTX will also list CAP on June 26, with deposits opening at 10:30 UTC and spot trading starting at 13:00 UTC for the DeFi credit protocol token.

ETH
USDT

Summary

CAP is set for an additional exchange listing on HTX on June 26, broadening market access for the token beyond Bybit Spot’s previously announced launch the same day. HTX said deposits will open at 18:30 GMT+8, equivalent to 10:30 UTC, with CAP/USDT spot trading scheduled for 21:00 GMT+8, or 13:00 UTC, and withdrawals beginning on June 28 at 21:00 GMT+8. Bybit Spot had earlier said it would list CAP/USDT on June 26, with deposits opening at 4:00 AM UTC, trading at 12:00 PM UTC, and withdrawals on June 27 at 10:00 AM UTC. Cap is described by HTX as a DeFi credit protocol built on a Covered Credit mechanism, comprising digital dollars, credit platforms, and financial guarantee markets, while the earlier Bybit-related announcement described it as an Ethereum-based decentralized credit protocol.

Terms & Concepts
  • DeFi credit protocol: A decentralized finance system focused on lending, borrowing, or credit infrastructure on blockchain networks.
  • Covered Credit mechanism: The framework Cap says underpins its protocol, combining digital dollars, credit platforms, and financial guarantee markets.
  • spot trading: The direct buying and selling of an asset for immediate settlement on an exchange.