DOP, the native token of Data Ownership Protocol, soared 75% after its listing on major crypto exchanges. The surge follows announcements from Bybit and Bitfinex.
On Thursday, Bybit and Bitfinex disclosed trading support for DOP, driving its price above $0.0288.
Bitfinex stated deposits for DOP would start at 12:00 pm UTC on July 4, 2024, with trading to begin on July 5, 2024, at 10:00 am UTC, pending liquidity requirements.
Bitfinex head of tokens, Henry Child, remarked, "Listing DOP on Bitfinex aligns with our commitment to innovative digital assets from day one. We are pleased to offer our customers the opportunity to trade DOP."
Bybit plans to list DOP on BybitSpot Adventure Zone on July 5 at 8:00 am UTC.
The Data Ownership Protocol team noted, "$DOP’s debut on Bybit is significant, marking the first step in promoting our protocol’s unique features."
What is Data Ownership Protocol?
Data Ownership Protocol (DOP) is a decentralized Ethereum platform letting users control their digital assets and decide transaction visibility.
Key features include off-chain architecture, zero-knowledge (ZK) proofs, and custom blockchains. DOP allows holders to pay transaction fees and participate in governance.
DOP Gains Amid Crypto Bloodbath
DOP’s gains contrast with the broader crypto market, which suffered downside pressure. Bitcoin dropped below $58,000, and Ethereum neared $3,100. The total market cap fell 4.4% in 24 hours to $2.12 trillion.
Bitcoin sell-off increased due to Mt.Gox transferring small BTC amounts ahead of major creditor repayments. Analysts pointed to potential miner capitulation.
Also notable were large BTC transfers to exchanges by a wallet linked to the German government, which has sold millions in Bitcoin recently.
On Thursday, Tron founder Justin Sun offered to purchase all of the German government’s Bitcoin holdings off-market.
