CFG crypto could explode on upcoming Bybit spot debut

CFG crypto token is set to list on Bybit in the coming days, following Centrifuge’s milestone of surpassing $1 billion in TVL.

Centrifuge just announced that its CFG crypto token will soon be listed on the Bybit Spot trading platform, with trading set to begin on August 26 at 10:00 AM UTC. The upcoming listing on Bybit complements CFG’s existing presence on major crypto exchanges, which include KuCoin, MEXC, Gate.io, OKX, and Kraken.

With the announcement made just over hour ago, CFG crypto price has yet to fully price in the news, trading down 2% over the past 24 hours at $0.2722. However, the token appears to have found strong support around $0.26 on the daily chart, following pullback after the recent rally.

Trading volume is beginning to tick up, reaching 4.05 million over the past 24 hours — a 8% increase. Momentum is also building, with the RSI approaching the 50 level, signaling a potential shift in market sentiment.

CFG crypto gains momentum after $1B TVL milestone

The Bybit listing comes shortly after news that Centrifuge’s total value locked has surpassed $1 billion, joining Securitize ($3.1B) and Ondo Finance ($1.3B) in reaching this milestone. This milestone has been fueled by the strong performance of its Janus Henderson Anemoy AAA CLO Fund, a tokenized pool of AAA-rated corporate loans, along with the Janus Henderson Anemoy Treasury Fund, which focuses on short-term U.S. government securities.

The Bybit listing comes shortly after Centrifuge’s broader push into DeFi, including the launch of deRWA tokens on Base’s Aerodrome DEX. These tokens allow users to trade tokenized real-world assets and use them as collateral across the EVM ecosystem, with plans to expand to Ethereum and Solana in the near future.