Cryptocurrency exchanges are expanding with new listing and updates. Let’s take a look at the top trading platforms opening up the support for new trading pairs and other altcoins.
Binance Creates Unified Stablecoin Market
Top exchange of cryptocurrency market, Binance has announced the support for unified stable coin market. The exchange is welcoming USDT as the first token that will show the change and will be listed as USDⓈ – in specific the encircles S will denote this stable coin.
“Binance has renamed the USDT Market (USDT) to now be a combined Stablecoin Market (USDⓈ). This is to support more trading pairs with different stablecoins offered as a base pair. […] Please note that USDⓈ is not a new stablecoin: it is the symbol of Binance’s new stablecoin market.”
KuCoin listed LISK
The trading platform which was in quite in recent bulletin due to its funding round of $20 million is now supporting yet another cryptocurrency. According to the official announcement, LISK will be traded in pairs of ETH and BTH.
The report quoted the trading schedule as;
Lisk (LSK) Buying order: 17:30 November 27, 2018 (UTC+8)
Lisk (LSK) Selling order: 18:00 November 27, 2018 (UTC+8)
Lisk (LSK) Withdrawal: 18:00 November 28, 2018 (UTC+8)
Bittrex Exchange Added Bitcoin SV
The latest fork of Bitcoin Cash, Bitcoin SV can be available on world’s top cryptocurrency exchange, Bittrex. Bitcoin SV which has recently entered in a list of top 10 cryptocurrencies, is now getting listed on Bittrex with pairs of USDT and ETH.
The news first broke out following the official twitter handle of Bittrex which states as;
— Bittrex (@BittrexExchange) November 27, 2018
Bitfinex Supports Tether with Fiat Pair
With stablecoin on hype, Bitfinex has released yet another announcement today. According to the latest release, Bitfinex user’s wallet can now support fiat-to-Tether trading – by paring Tether Dollars (USDT) and Tether Euros (EURT).
The blog reads as;
Continuing our heritage of providing a neutral, coin-agnostic platform, from today Bitfinex users will be able to trade Tether-fiat directly on our platform through the addition of USDT/USD and EURT/EUR Tether trading pairs. This replaces the previous 1:1 conversion on deposits and withdrawals provided by Bitfinex, and reflect the increasing range of choice in the stablecoin market and demands from our consumers.
From today onwards, Bitfinex customers will be able to trade Tether-fiat directly on our platform through the addition of USDT/USD and EURT/EUR Tether trading pairs.
— Bitfinex (@bitfinex) November 27, 2018
Paxos Standard (PAX) As Base Pair on Binance
Beside a unified stable market, Binance has integrated Paxo standard (PAX) as the base currency. The inclusion of PAX will more likely act as the alternative option to stable coin Tether (USDT).
In a statement, Charles Cascarilla, Paxos co-founder and CEO, said in a statement,
“Demand for PAX has grown very quickly since we launched just over two months ago, making it clear that traders want a stable, regulated and transparent stablecoin,”
As per the sources, PAX can be paired with 385 different cryptocurrencies in near future but at present, the trading will go live paring BTC, ETH, BNB, XRP, EOS, and XLM.
Tabassum is a full-time content writer at Coingape. Her passion lies in writing and delivering apt information to users. Currently, she does not hold any form of cryptocurrencies. Follow her on Twitter at @Tabassumnaiz and reach out to her at Tabassum[at]coingape.com