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Beta Finance (BETA) is not tradable on Coinbase.

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Beta Finance

BETA

About Beta Finance

Beta Finance (BETA) is a permissionless asset market on the Ethereum blockchain that enables the provision, acquisition, and shorting of crypto assets. It strives to provide a scalable and accessible platform where tokens can be listed automatically and without permission, and users can short these tokens. Beta Finance provides three options to its users: providing assets, taking assets, and shorting. Users can provide their crypto assets to any market that exists on Beta Finance. Other users can take the opposite position, while short-sellers can use collateral to initiate short positions. Beta Finance follows an isolated collateral model to support volatile assets, meaning a collateralized position at risk of liquidation does not endanger another position.

Beta Finance operates by allowing users to provide, acquire, or short crypto assets. Users can provide their crypto assets to any market on Beta Finance and may receive compensation. Other users, on the other hand, can take the opposite position. Short-sellers can use collateral to initiate short positions. Unlike traditional exchanges, Beta Finance does not use an order book to execute shorts but routes the trade through decentralized exchanges that use automated market makers. Beta Finance supports ETH, USDC, USDT, and DAI as valid collateral, with the community able to propose and vote for additional collateral support in Phase 2. Collaterals are subject to various collateral factors: stablecoins have a collateral factor of 90%, while ETH has a collateral factor of 80%.

Beta Finance aims to address the volatility characteristic of crypto, which it identifies as a potential barrier to the adoption of DeFi by individuals and institutions. It sees short-selling as a critical financial tool that is missing in the DeFi ecosystem, which facilitates market stability and efficiency. Users can conveniently do so with the platform’s “1-Click Short” tool. A simple click of a button suffices to select the DEX to swap through and stake the newly swapped collateral with the principal in the short position. Beta Finance's isolated collateral model supports volatile assets, meaning a collateralized position at risk of liquidation does not endanger another position. This model means tighter fund security for users, meaning assets are safe even if Beta has a market with a compromised asset.

Beta Finance was launched by Allen Lee, an MIT alumnus who previously worked as a software engineer at Microsoft and Facebook. It’s also backed by a group of investors, including Spartan Group, ParaFi Capital, Multicoin Capital, DeFiance Capital, and Delphi Digital. Anjan Vinod of ParaFi Capital was impressed with Beta Finance’s focus on novel assets, its isolated collateral model, and planned cross-chain support. Gabriel Tan of Spartan Group was equally positive, calling Beta Finance an up-and-coming permissionless asset market that is well-positioned to thrive in the space. The total supply of BETA is 1 billion tokens. BETA is an ERC-20 token on Ethereum and BEP-20 token on BSC. The security framework consists of four major pillars: Beta Finance continuously conducts internal code reviews, requests external reviews from security researchers, incorporates real-time monitoring services, and launches a bug bounty campaign for white hats.

Market

Market stats

Data is sourced from CoinMarketCap and other third parties. We make no representation on the accuracy of the data provided. Learn more

Market cap

$38.2M

Volume (24h)

$1.2M

Circulating supply

859.1M BETA

All time high

$2.42

Market performance

Price change (1h)

-0.35%

Price change (1d)

+1.51%

Price change (1w)

-10.97%

Price change (2w)

+0.21%

Price change (1m)

+8.18%

Price change (1y)

-31.59%

Market benchmarks

Performance (1Y)

-31.1%

Vs. Market (1Y)

-65.72%

Vs. BTC (1Y)

-69.25%

Vs. ETH (1Y)

-53.52%

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Beta Finance is on the decline this week.

The price of Beta Finance has decreased by 0.35% in the last hour and increased by 1.51% in the past 24 hours. Beta Finance’s price has also fallen by 10.97% in the past week. The current price is $0.0444 per BETA with a 24-hour trading volume of $1.16M. Currently, Beta Finance is valued at 98.16% below its all time high of $2.42. This all-time high was the highest price paid for Beta Finance since its launch.

The current circulating supply of Beta Finance is 859,090,909 BETA which means that Beta Finance has as total market cap of 859,090,909.

FAQ

What is the current price of Beta Finance?

We update our Beta Finance to USD currency in real-time. Get the live price of Beta Finance on Coinbase.

What is the market cap of Beta Finance?

The current market cap of Beta Finance is $38.24M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Beta Finance?

The all-time high of Beta Finance is $2.42. This all-time high is highest price paid for Beta Finance since it was launched.

What is the 24 hour trading volume of Beta Finance?

Over the last 24 hours, the trading volume of Beta Finance is $1.16M.

What other assets are similar to Beta Finance?

Assets that have a similar market cap to Beta Finance include Function X, RocketX exchange, ZTX, and many others. To see a full list, see our comparable market cap assets.

How many Beta Finance are there?

The current circulating supply of Beta Finance is 859 million.