FXOpen Now Accepts Deposits via Tether Blockchain, USD₮ and EUR₮
- Currencies available on the Tether blockchain platform are virtual equivalents of euros and US dollars.
Retail forex broker FXOpen is again showing its commitment to cryptocurrency users by enabling the unlimited deposit and withdrawal of funds via Tether.
Tether Inc., is a startup utilizing Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term to represent fiat currencies, it offers EUR₮, a ‘euro-coin’, and USD₮, a 'dollar coin', that are tradeable and transferable over the Bitcoin Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term, as well as being pegged to the real thing. A Japanese yen offering (JPY₮) is promised to be added by the startup soon.
Tether enables bitcoin businesses – including exchanges, wallets, payment processors, financial services and ATM networks – to easily use fiat currencies on the blockchain. Some of the largest businesses in the cryptocurrency ecosystem have integrated tether, including GoCoin, Bitfinex, Poloniex, ShapeShift, C-CEX and more.
FX open to cryptocurrencies
Back in September 2016, FXOpen started accepting deposits and withdrawals of funds via the world’s second most valuable blockchain asset by market cap, Ethereum. Earlier that year FXOpen first launched Ethereum-based trading pairs, offering access to both ETH/USD and ETH/BTC for both its live and demo clients.
In June 2016 FXOpen also introduced Dash-based pairs – again the first ever in the forex market to do so – offering access to DSH/BTC as well as ETH/RUB (ether/Russian ruble).
In total the brokerage now supports five cryptocurrencies for deposits and withdrawals: Bitcoin, Litecoin, Namecoin, Ethereum and Tether.
Retail forex broker FXOpen is again showing its commitment to cryptocurrency users by enabling the unlimited deposit and withdrawal of funds via Tether.
Tether Inc., is a startup utilizing Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term to represent fiat currencies, it offers EUR₮, a ‘euro-coin’, and USD₮, a 'dollar coin', that are tradeable and transferable over the Bitcoin Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term, as well as being pegged to the real thing. A Japanese yen offering (JPY₮) is promised to be added by the startup soon.
Tether enables bitcoin businesses – including exchanges, wallets, payment processors, financial services and ATM networks – to easily use fiat currencies on the blockchain. Some of the largest businesses in the cryptocurrency ecosystem have integrated tether, including GoCoin, Bitfinex, Poloniex, ShapeShift, C-CEX and more.
FX open to cryptocurrencies
Back in September 2016, FXOpen started accepting deposits and withdrawals of funds via the world’s second most valuable blockchain asset by market cap, Ethereum. Earlier that year FXOpen first launched Ethereum-based trading pairs, offering access to both ETH/USD and ETH/BTC for both its live and demo clients.
In June 2016 FXOpen also introduced Dash-based pairs – again the first ever in the forex market to do so – offering access to DSH/BTC as well as ETH/RUB (ether/Russian ruble).
In total the brokerage now supports five cryptocurrencies for deposits and withdrawals: Bitcoin, Litecoin, Namecoin, Ethereum and Tether.