Ribbon Finance (RBN) Hits Self Reported Market Cap of $50.71 Million

Ribbon Finance (RBN) traded down 6.9% against the US dollar during the 24-hour period ending at 10:00 AM Eastern on August 4th. One Ribbon Finance token can currently be purchased for approximately $0.38 or 0.00000622 BTC on major cryptocurrency exchanges. Over the last week, Ribbon Finance has traded down 25.1% against the US dollar. Ribbon Finance has a total market capitalization of $50.71 million and approximately $1.00 million worth of Ribbon Finance was traded on exchanges in the last 24 hours.

Here is how other cryptocurrencies have performed over the last 24 hours:

• Aidi Finance (BSC) (AIDI) traded down 2.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded 2.2% lower against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Kitty Inu (KITTY) traded up 1.9% against the dollar and now trades at $95.84 or 0.00338062 BTC.
• Hokkaidu Inu (HOKK) traded up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded 2.1% higher against the dollar and now trades at $0.0125 or 0.00000021 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.
• MVP Coin (MVP) traded down 13.8% against the dollar and now trades at $0.0751 or 0.00000123 BTC.

Ribbon Finance Token Profile

Ribbon Finance’s launch date was May 24th, 2021. Ribbon Finance’s total supply is 1,000,000,000 tokens and its circulating supply is 134,304,850 tokens. Ribbon Finance’s official message board is ribbonfinance.medium.com. Ribbon Finance’s official Twitter account is @ribbonfinance and its Facebook page is accessible here. The official website for Ribbon Finance is www.ribbon.finance.

According to CryptoCompare, “Ribbon Finance is a DeFi protocol that offers access to structured crypto products such as options, futures, and fixed income to improve a portfolio’s risk-return profile. RBN is the governance token of Ribbon Finance, used to steward the development of the protocol, align incentives between stakeholders, and unite all Ribbon products under a single umbrella.”

Buying and Selling Ribbon Finance

It is usually not presently possible to buy alternative cryptocurrencies such as Ribbon Finance directly using US dollars. Investors seeking to trade Ribbon Finance should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, Coinbase or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Ribbon Finance using one of the aforementioned exchanges.

RBN/USD price chart by TradingView