The team behind the meme-inspired cryptocurrency Floki Inu ($FLOKI) has entered a strategic partnership with cryptocurrency market maker Wintermute, which has a cumulative trading volume of over $1.4 trillion and is responsible for over $8 billion in daily trading volume.
According to an announcement published on Twitter, Wintermute is officially partnered with over 50 of the “world’s biggest exchanges and trading platforms” as a major liquidity provider. These exchanges, according to Floki Inu’s team, include Coinbase, Binance, Huobi, Kraken, FTX, and Bitfinex.
As a result of the partnership, FLOKI is set to leverage Wintermute’s “superior technology” to ensure the token remains liquid on major cryptocurrency trading platforms. Wintermute is also set to help facilitate listings on other top centralized exchanges.
Finally, on top of all the services being provided, Wintermute will also leverage its reputation with institutions and over-the-counter desks to “make it easy for institutional investors, OTC desks, aggregators, and qualified investors to purchase FLOKI tokens in large amounts.”
As CryptoGlobe reported, Floki Inu has also recently announced it’s integrating with Chainlink ($LINK) and its oracle in a bid to enter the decentralized finance (DeFi) space and offer holders numerous possibilities.
In a tweetstorm, the Twitter account tied to Floki Inu first started by pointing out that smart contracts as a “great innovation” that is limited in what it can make possible because of its “inability to access off-chain data.” An oracle, they wrote, solves the problem by “feeding them real world data in a way they can understand.”
The integration, according to the Floki Inu team, could allow token holders to soon be able to stake, lend, and borrow using their tokens. The integration with Chainlink would, as such, allow FLOKI holders to use their funds as collateral on decentralized finance protocols and take out loans without losing exposure to the meme-inspired cryptocurrency.
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