Centrifuge
CFG
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Centrifuge price
$0.16836
-- (--)
USD
Last updated on --.
About Centrifuge
CFG (Centrifuge) is a cryptocurrency that powers a platform designed to bring real-world assets like loans, invoices, and even equity onto the blockchain. Its core mission is to bridge traditional finance with decentralized finance (DeFi) by tokenizing tangible assets—turning them into digital tokens that can be traded or used as collateral. This creates new opportunities for investors to access previously illiquid markets while providing businesses with alternative funding sources. Centrifuge stands out for its regulatory-compliant infrastructure, enabling secure and transparent asset tokenization. With applications ranging from small business financing to institutional-grade investments, CFG plays a key role in making global markets more accessible through blockchain technology.
AI insights
Centrifuge’s recent prices
34% better than the stock market
Past year
+44.39%
$0.12
3 months
+32.15%
$0.13
30 days
+15.15%
$0.15
7 days
+7.21%
$0.16
Centrifuge performance
$0.16836
Centrifuge price today
Centrifuge price today is $0.16836, marking a +17.54% over the past 24 hours. On OKX, today’s Centrifuge trading volume reached 2,079,288, worth over $350.07K.
$2.597
Centrifuge all-time high
Centrifuge achieved its all-time high price of $2.597 on Oct 14, 2021, (UTC+8). At today's price of $0.16836, Centrifuge price is now -93.52% lower than its historic high.
$0.16836
Centrifuge in USD
The current Centrifuge to USD conversion rate is $0.16836 per Centrifuge.
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OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
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Learn more about Centrifuge (CFG)
What's Centrifuge?
Centrifuge is a blockchain platform designed to connect decentralized finance (DeFi) with real-world assets. It aims to solve the problem of liquidity for small and medium-sized enterprises by allowing them to tokenize assets and access financing. The primary use cases include asset-backed lending and providing liquidity to DeFi protocols, enabling businesses to unlock capital tied up in physical assets.
How does Centrifuge work?
Centrifuge operates on a blockchain that uses a proof-of-stake consensus mechanism. It features a unique protocol called Tinlake, which facilitates the tokenization of real-world assets. This allows users to create asset-backed pools that can be used in DeFi applications. The platform is designed to be interoperable with other blockchains, enhancing its utility and reach within the DeFi ecosystem.
What's the total supply of Centrifuge?
Centrifuge has a total supply of 430 million tokens. The circulating supply is subject to change as tokens are distributed and used within the ecosystem. The tokenomics include mechanisms for staking and governance, which can influence the supply dynamics. There are no specific burning or minting processes mentioned, focusing instead on utility and governance.
What determines Centrifuge's price?
The price of Centrifuge is influenced by its utility in tokenizing real-world assets and the demand for such services. Network usage, including the number of asset pools and transactions, can impact its value. Market sentiment and regulatory developments also play a role, as does competition from other DeFi platforms. These factors collectively affect its market price.
Pros and cons of Centrifuge
- Pros:
- Facilitates access to DeFi for real-world assets
- Interoperable with other blockchains
- Supports asset-backed lending
- Cons:
- Complexity in understanding asset tokenization
- Regulatory challenges in different jurisdictions
- Competition from other DeFi platforms
How do I store my Centrifuge?
Users can acquire Centrifuge tokens through exchanges like OKX. They can be used for staking, governance, and participating in asset-backed pools. Tokens should be stored in secure wallets, with private keys kept safe to prevent unauthorized access. Always be cautious of phishing attempts. Availability of Centrifuge may vary by jurisdiction, so users should check local regulations before engaging.
Guides
Find out how to buy Centrifuge
Getting started with crypto can feel overwhelming, but learning where and how to buy crypto is simpler than you might think. Kickstart your journey on the OKX mobile app, or right here on the web.
Predict Centrifuge’s prices
How much will Centrifuge be worth over the next few years? Check out the community's thoughts and make your predictions.
View Centrifuge’s price history
Track your Centrifuge’s price history to monitor your holdings’ performance over time. You can easily view the open and close values, highs, lows, and trading volume using the table below.
Centrifuge on OKX Learn
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Centrifuge FAQ
Centrifuge can offer strong returns, but is also subject to market volatility. Whether it’s a good investment depends on your risk tolerance, goals, and market conditions. Centrifuge’s price can be influenced by various factors such as adoption, regulation, technological advancement, and overall market sentiment. Always do your own research before buying Centrifuge and never buy more than you can afford to lose. This content is for informational purposes only and isn’t financial advice.
To buy Centrifuge at a low price, monitor the market closely and use tools like price alerts and technical indicators to keep you updated on price trends. Always do your own research and use secure platforms. This content is for informational purposes only and isn’t financial advice.
Depending on where you’re located, you can use bank transfer, credit/debit card, or Peer-to-Peer. Read our guide on how to use these different payment methods to buy Centrifuge CFG safely on a trusted exchange like OKX.
Currently, one Centrifuge is worth $0.16836. For answers and insight into Centrifuge's price action, you're in the right place. Explore the latest Centrifuge charts and trade responsibly with OKX.
To read this Centrifuge price chart, hover over or click on the time period you want to view. Hover over the chart to view the corresponding price, displayed in your local currency.
Yes, Centrifuge’s price is updated in real-time on our Centrifuge price page. You can view the current price and historical price data here at all times.
Countries and regions differ on how digital assets transactions and holdings are taxed and how they view digital assets in general (money, property, commodity). In general, it is expected that you will pay capital gains tax when selling or swapping Centrifuge CFG. Refer here for a more detailed guide.
Staking and earning rewards with Centrifuge are subject to local restrictions. Log in or sign up to view products available in your country, region, or state of residence.
Centrifuge is a decentralized finance (DeFi) protocol that revolutionizes the tokenization of real-world assets. Centrifuge converts these assets into non-fungible tokens (NFTs), unlocking their value and enabling seamless integration with the broader DeFi ecosystem. The protocol's Tinlake decentralized application (DApp) acts as a gateway, providing access to the liquidity and functionality of the Ethereum blockchain.
Centrifuge offers several benefits to its users. One key advantage is the elimination of third-party intermediaries, such as banks, when obtaining loans for real-world assets. This provides borrowers an alternative financing option and expands their access to financial opportunities.
Additionally, Centrifuge's integration of real-world assets into the DeFi space unlocks a diverse range of financial tools that would otherwise be inaccessible through traditional financial systems.
You can buy CFG tokens on a number of different spot trading markets. One example is OKX which offers a CFG/USDT pair.
Swap your existing cryptocurrencies, including Bitcoin (BTC), Cardano (ADA), Tether (USDT), and USD Coin (USDC), for CFG with zero fees and no price slippage by using OKX Convert.
Market cap
$26.64M #127
Circulating supply
158.34M / 578.42M
All-time high
$2.597
24h volume
$350.07K
Rating
2.6 / 5
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