B2BX Exchange has announced a series of exciting developments starting with the listing of new stablecoins that have been gathering momentum in the industry.
New Stablecoins Listed
B2BX Exchange has just listed an additional 4 stablecoins including TrueUSD (TUSD), USD Coin (USDC), Gemini Dollar (GUSD) and Paxos Standard Token (PAX). Along with Tether (USDt), this makes a total of 5 stable coins now included on the exchange.
Stablecoins, which are not tied to a central bank and have low volatility, are cryptocurrencies that have been created to hold a stable value against an asset or fiat currency. For example, Tether (USDt), a blockchain based asset is a price-stable cryptocurrency which is pegged to the US dollar.
To date, B2BX Exchange is one of the first exchanges to list these coins and has done so on the back of the demand amid a promising trend that has sprung up in the world of digital currencies over the last year or so.
In additional B2BX news, automatic withdrawals have now been enabled and are available for all B2BX users with the following daily limits:
BCH – 3 BCH
BTC – 1 BTC
DASH – 10 DASH
ETH – 10 ETH
LTC – 20 ETH
Orders are presently required to stay within the stated daily limit, therefore users need to wait until the next 24 hour period before attempting further automatic withdrawals. For example, a user can withdraw 0.1 BTC 10 times over a 24 hour period, or one time only for 1 BTC.
These limits will be adjusted as automatic withdrawals for additional coins and tokens are added. All other cryptocurrency and token withdrawals will continue to be manually processed with no limits.
Plans are currently underway to introduce an automated KYC system in the near future, after which customers will be able to automatically withdraw an amount with an increased limit from all wallets.
New Trading Pairs
Finally, users of the exchange now have access to 6 new trading pairs as follows: ADA/BTC, ADA/ETH, NEO/BTC, NEO/ETH, B2BX/NEO and B2BX/ADA. The addition of ADA pairs follows the recent listing of Cardano on B2BX Exchange earlier this month.
Artur Azizov, CEO commented, “We are in an advantageous position of now offering a total of 5 stablecoins on our exchange. Furthermore, by adding more trading pairs, along with automatic withdrawals, we are pleased to be able to offer an enhanced service as we strive towards providing the best available overall experience for our growing number of exchange users.”