eToroX fiat stablecoin GoldX BTC
eToroX Adds Five New Fiat Stablecoins With GoldX/BTC Pairings
November 14, 2019
eToroX fiat stablecoin GoldX BTC
eToroX Adds Five New Fiat Stablecoins With GoldX/BTC Pairings
November 14, 2019

EToroX, the digital asset platform of eToro, a social trading platform announced the listing of privacy coin- Dash with five fiat stablecoin pairs alongwith Coinbase’s USDC and Tether’s USDT with GoldX/BTC pairings.

As per a press release published on Nov. 12, the users of eToroX can also trade fiat stablecoins pairs such as:-

  • Turkish Lira (TRYX)
  • Polish Zloty (PLNX)
  • South African Rand (ZARX)
  • Hong Kong Dollar (HKDX)
  • Signaporean dollar (SGDX)

Along with:-

  • U.S. dollar-backed tokens USDC
  • Tether (USDT). 

As of now the total number of assets that can now be traded on the cryptocurrency exchange are 17 stablecoins and 96 trading pairs.

Doron Rosenblum, managing director at eToroX, commented:

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“We see the addition of USDC and USDT as a way for eToroX to further meet the needs of professional and institutional algo traders, particularly in the Asian markets. Adding five new stablecoins, plus the addition of the Dash cryptoasset, demonstrates our ongoing commitment to bridge the gap between the world of blockchain and traditional financial markets.”

Gold Token Also Available In EToroX

The cryptocurrency exchange also added new pairings to trade tokenized gold (GOLDX) against Bitcoin (BTC). The exchange notes that users see gold as a safe asset in counterpart to its digital asset, Bitcoin.

Rosenblum explained:

“Our Gold/Bitcoin pair provides a means to trade between the old and the new stores of value, making Gold/BTC an extremely special and interesting combination.”

Recently, eToro acquired the cryptocurrency portfolio app Delta that tracks around 6000 different cryptocurrencies and tokens over 180 exchanges.

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Source: PR Newswire | Image: CCG


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Jafrin Ahmed

Crypto newbie passionate about creating resourceful content on blockchain technology, cryptocurrencies and decentralized apps.