RATE Group | Bitfinex Users Can Now Trade Tether Gold Stablecoin Against Bitcoin
77735
wp-singular,post-template-default,single,single-post,postid-77735,single-format-standard,wp-theme-bridge,wp-child-theme-bridge-child,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Bitfinex Users Can Now Trade Tether Gold Stablecoin Against Bitcoin

31 Jan Bitfinex Users Can Now Trade Tether Gold Stablecoin Against Bitcoin

Posted at 13:38h in Bitcoin News by

[ad_1]

After launching trading of gold-pegged stablecoin Tether Gold (XAU₮) last week, Bitfinex now allows users to trade Tether Gold against Bitcoin (BTC).

On Jan. 30, Bitfinex has rolled out three margin trading pairs for Tether Gold, a digital asset backed by physical gold, which was introduced by Bitfinex’s affiliate firm Tether on Jan. 23.

The crypto exchange exchange now allows traders to trade Tether Gold against Bitcoin as well as the U.S. dollar and dollar-pegged stablecoin Tether (USDT).

Margin trading — a feature that enables traders to borrow funds to increase leverage — will require an initial equity of 20% and provide a maximum leverage of 5x, Bitfinex noted.

Tether has been accused of not backing its USDT token with enough dollars 

Tether Gold is one of the stablecoins launched by major cryptocurrency firm Tether alongside the controversial stablecoin USDT. Known as the world’s leading stablecoin, USDT has been subject to multiple controversies as some reports

[ad_2]

Source link

Tags:
, , , , , ,