What is SRM?
SRM is the utility token of the Serum ecosystem. SRM hit its ATH of $12.89 on May 3, 2021 and is currently ranked #128 amongst all cryptocurrencies. At the time of writing, SRM is trading on Coinhako for $10.011 USD.
Serum was conceived by the FTX team, led by Sam Bankman-Fried — who is the CEO of FTX and a Physics graduate of Massachusetts Institute of Technology. Some of the advisors of Serum include Robert Leshner (Founder of Compound), Gary Wang (CTO at FTX), Long Vuong (Founder of Tomochain) and more.
How does Serum Work?
The Serum Ecosystem is a cross-chain swap protocol that allows users to exchange assets between blockchains in a trustless manner.
The full Ethereum and Solana integration makes Serum faster and more efficient while also allowing it to be interoperable with ERC20 tokens.
How is Serum different?
Serum is a decentralized exchange (DEX) and ecosystem that brings unprecedented speed and low transaction costs to decentralized finance. It is built on Solana and is completely permissionless.
- On-chain Orderbooks: Full limit orderbooks with an interface familiar to that of centralized exchanges which provides traders full control over each order. This limit order book is possible because of its high scalability,
- Speed: Serum can support 50,000 transactions per second (tps) comparatively to Binance Smart Chain which has a maximum of 300 tps and Ethereum at 18 tps.
- Cost: Offers lower transaction costs than any other DEX at $0.00001 per transaction.
What’s New with Serum (SRM) on Coinhako?
1. Trade SRM directly with Singapore Dollars (SGD) 🇸🇬
With SRM/SGD trading pairs available on Coinhako, our Singapore users will be able to buy & sell SRM in Singapore Dollars (SGD) when they fund their accounts with SGD.
2. Trade SRM directly with Vietnamese Dong Trading (VNDT) 🇻🇳
With SRM/VND trading pairs available on Coinhako, our Vietnam users will be able to buy & sell SRM when they fund their accounts with VND.
3. Trade SRM directly with US Dollars (USD) 🇺🇸
The SRM/USD trading pair Solana prices against the United States Dollar (USD), and our Singapore users will be able to buy & sell SRM when they fund their accounts with USD.
4. SRM swaps (Crypto-to-crypto trading)
Coinhako users will also be able to trade Serum with other cryptocurrencies that are supported in their countries, with our Swap function.
5. Get the latest SRM price news on Coinhako 🚨
As with every other supported token on Coinhako, we endeavour to update our users on key news about each project through our various channels.
The Coinhako platform also features a News Feed section where you will be able to receive all the latest updates on Kusama Token, alongside on the other top crypto projects, like uniswap, polkadot, band protocol.
5. SRM wallet for all (COMING SOON )
With the wallet feature, Coinhako users can securely send (withdraw), receive (deposit), and store SRM.
6. Buy SRM instantly with debit and credit card
Beat the deposit queue and buy SRM instantly when you pay by card.
📩 Sign-up to Subscribe to our mailing list to have them delivered straight to your inbox!
👉Join our Telegram community
Coinhako is available in these countries!
All opinions expressed here by Coinhako.com are intended for educational purposes, taken from the research and experiences of the writers of the platform, and should not be taken as investment or financial advice.