Press Release

Bitfinex Adds Tether Tokens (USDt), Euro Trading Pair

Bitfinex Adds Tether Tokens (USDt), Euro Trading Pair

ROAD TOWN, British Virgin Islands, December 18, 2020 9:30 AM UTC – Bitfinex, a state-of-the-art digital token trading platform, has added Tether tokens both USDt and EURt to the suite of tokens available for trading.

From 18/12/20 at 9:30 AM UTC, users can trade USDt, EURt. Users can also trade EURt with fiat currencies, US Dollars (EURt/USD) and euros (EURt/EUR).

“This new trading pair allows our users to trade EURt with crypto’s most liquid, stable and popular stablecoin,” said Paolo Ardoino, CTO at Bitfinex. “We anticipate great interest among our user base in this new trading pair.” 

The market capitalization of USDt currently stands at US$20 billion, underlying the increasing dominance of the most popular, liquid and innovative stablecoin. The market capitalization of EURt is currently €40 million.

USDt performs a pivotal role within the digital token ecosystem, with many digital token spot exchanges now denominating pairs in USDt rather than bitcoin. USDt is also increasingly being used in remittances and innovative projects in the digital token ecosystem, including those in the nascent space of decentralised finance (DeFi).

About Bitfinex

Founded in 2012, Bitfinex is a digital token trading platform offering state-of-the-art services for traders and global liquidity providers. In addition to a suite of advanced trading features and charting tools, Bitfinex provides access to peer-to-peer financing, an OTC market and margin trading for a wide selection of digital tokens. Bitfinex’s strategy focuses on providing unparalleled support, tools, and innovation for experienced traders and liquidity providers around the world. Visit Bitfinex to learn more.

Media Contact

Joe Morgan, Senior PR Manager, Bitfinex

[email protected]

Tech Junkie is a small word for Vikas Kaushik. Whether the latest game on the market or a new gadget launch he is the go-to person. He drives his motivation from the fast-paced technological advancements. He ensures that the right news reaches niche audiences. An avid biker and movie buff he has deep-rooted faith in upcoming technological inventions and is a torchbearer for the tech revolution.

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