BtcTurk | PRO users can now seamlessly complete secure and rapid Tether (USDt) token transfers between Liquid-integrated exchanges with full settlement in just two minutes.
Istanbul, November 6, 2020 9:00 AM UTC — BtcTurk, Turkey’s largest cryptocurrency exchange, and Tether, the blockchain-enabled platform that powers the largest stablecoin by market capitalization, have made available Tether (USDt) tokens on BtcTurk | PRO.
BtcTurk | PRO allows users to circulate USDt tokens rapidly across integrated exchanges to take advantage of pricing differences, thereby reducing counterparty risks and improving trading privacy. As a highly innovative sidechain, Liquid provides guarantees on the speed and confidentiality of USDt token transactions to other Liquid-integrated exchanges and wallets.
“We anticipate a ready demand among the user base of BtcTurk | PRO for Tether,” said Paolo Ardoino, CTO at Tether. “The market has once again spoken. People like using crypto’s preeminent, most liquid and trusted stablecoin.”
“We are committed to expanding our offering for traders and are therefore excited to add Tether to BtcTurk Pro,” said Özgür Güneri, CEO at BtcTurk. “Through Liquid Network integration, BtcTurk Pro users will be able to capture opportunities in Liquid Network member exchanges much faster.”
USDt tokens enable BtcTurk | PRO users to complete transfers between liquid-integrated exchanges in two minutes. Users can take advantage of this extra speed to beat competitors to arbitrage opportunities and to maximise their available capital in trading operations. Also, unlike other public blockchains, transactions on Liquid are private, hiding transaction details such as asset type and amounts from third parties.
In becoming a member of the Liquid Network, BtcTurk has obtained access to a key technology that will enhance interaction with other industry-leading companies in the cryptocurrency ecosystem.
Founded in 2013, Turkey’s largest cryptocurrency trading platform, the CEO of which is Özgür Güneri, serves as BtcTurk, Turkey’s first and the world’s fourth cryptocurrency trading platform. BtcTurk, which acted as intermediary for the first Bitcoin trading transaction with TL on July 1, 2013, has more than 120 employees. Managed by Eliptik Yazılım ve Ticaret A.Ş., BtcTurk provides services to more than 1 million users in 81 provinces of Turkey on 24/7 basis.
Tether is the preeminent stablecoin with the biggest market capitalization, surpassing that of all rival offerings combined. Created in October 2014, Tether has grown to become the most traded cryptocurrency. Tether is disrupting the legacy financial system by offering a more modern approach to money. By introducing fiat currency-digital cash to the bitcoin, Ethereum, EOS, Liquid Network, Omni, Tron and Algorand blockchains, Tether makes a significant contribution to a more connected ecosystem. Tether combines digital currency benefits, such as instant global transactions, with traditional currency benefits, such as price stability. With a commitment to transparency and compliance, Tether is a fast and low-cost way to transact with money.
About the Liquid Network
The Liquid Network is a sidechain-based settlement network for traders and exchanges, enabling faster, more confidential Bitcoin transactions and the issuance of digital assets. The Liquid Network is operated and managed by its federated members, ensuring the system has no single point of failure. Learn how to get access to the future of digital asset finance at liquid.net.