PARISIQ, the Web3 monitoring, and data-automation platform have introduced that customers are in a position to commerce $PRQ tokens on the Crypto.com Alternate, one of many world’s three largest crypto buying and selling platforms by quantity, beginning at the moment.

The announcement dovetails with the information that Crypto.com Capital led the $12MM fund-raising spherical for PARSIQ’s sister challenge, IQ Protocol. The itemizing of $PRQ factors to confidence in PARSIQ and the crew to ship long-term worth to the blockchain trade.

This follows PARSIQ’s not too long ago expanded imaginative and prescient which is able to construct upon earlier core applied sciences to change into the go-to backend for Web3 purposes, akin to Google (NASDAQ:) Firebase on Web2.

Crypto.com joins KuCoin, OKX, MEXC World, Gate.io, and Coinmetro amongst the exchanges already providing $PRQ in addition to DEXs equivalent to UniSwap and Pancake Swap.

With a market capitalization of $40MM on the time of writing the $PRQ token is buying and selling round 8x off its all-time highs of spring 2021, reflecting a hype cycle that had moved away from blockchain infrastructure tasks like PARSIQ and Chainlink in direction of DeFi protocols and NFTs. Nevertheless, this pattern is reversing, and with the brand new narratives of interoperability, there’s a renewed curiosity in important infrastructure and middleware.

PARSIQ CEO, Tom Tirman, stated:

“We’re delighted to announce our $PRQ token can be reside on Crypto.com within the coming days. The change has seen spectacular progress over the past 18 months and the common quantity continues to steadily improve as they onboard extra retail and institutional traders.

Acquisitions just like the Crypto.com Enviornment in Los Angeles and prime SuperBowl commercials with a-list expertise signifies the size of their ambition. We’re thrilled to take PARSIQ to the following degree with Crypto.com as an change companion.”

In tandem with the eye generated by the IQ Protocol fundraise and engaging $PRQ + $IQT staking rewards, the token is displaying optimistic indicators of a comeback with the Crypto.com itemizing appearing as one in every of many catalysts on the highway forward.

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