RATE Group | Bitcoin Exchange Overbit Includes USD Tether deposits for reaching a wider net of trader…
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Bitcoin Exchange Overbit Includes USD Tether deposits for reaching a wider net of trader…

29 Apr Bitcoin Exchange Overbit Includes USD Tether deposits for reaching a wider net of trader…

Posted at 08:13h in Bitcoin News by

VICTORIA, Seychelles, April 29, 2020 /PRNewswire/ — Overbit.com, a leading bitcoin margin exchange, has enabled deposits in USD Tether. The leveraged trading platform that allows its users to trade cryptos, forex, and commodities using bitcoin without delivery of the assets, will be amplifying its offer to appeal to a wider net of traders. Adding deposits in Tether, the company believes, will help it to establish a leadership position in the space.

The importance of stablecoins for traders

As the first stablecoin, Tether (USDT) is the most popular in the cryptocurrency industry and is listed on most major spot exchanges. It has the largest market capitalisation of all stablecoins, currently at around $6.3bn making it the fourth-largest cryptocurrency.

Adding a stablecoin deposits option will give Overbit users the ability to reduce their risk, particularly in times of high volatility, and hold their assets in Tether, the most established and widely-used stablecoin. 

Overbit…

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