Launch of New Crypto Trading Pairs
According to the official announcement, the transaction of BTC/RON, AGIX/USDT and APT/ETH pairs will be opened on February 17, 2023 at 8:00 (UTC). Please note …
According to the official announcement, the transaction of BTC/RON, AGIX/USDT and APT/ETH pairs will be opened on February 17, 2023 at 8:00 (UTC). Please note that RON is legal tender and does not represent any other digital currency.
Coin security newly opened BTC RON, AGIX USDT and APT ETH transaction pairs
Interpretation of the news:
The announcement that the transaction of BTC/RON, AGIX/USDT and APT/ETH pairs will be opened on February 17, 2023 at 8:00 (UTC) marks a significant development in the cryptocurrency world. The launch of new trading pairs not only enables traders to diversify their investment portfolios but also adds to the growth and expansion of the crypto ecosystem.
Of the three pairs, BTC/RON is the most notable as RON is a legal tender and not a digital currency. The Romanian leu (RON) is the official currency of Romania and is backed by the central bank, which makes it a fiat currency. The pairing of BTC/RON means that traders can now trade Bitcoin with the Romanian leu. This will open up new opportunities for traders to speculate on the value of Bitcoin in relation to the RON, as well as allow Romanian residents easy access to the world of cryptocurrencies.
The pairing of AGIX/USDT is also notable as it represents the Algorand Standard Asset (ASA) AGIX with Tether (USDT). ASA is a digital asset on the Algorand blockchain that allows for the creation and trading of new assets, while Tether is a stablecoin whose value is pegged to the US dollar. The AGIX/USDT pair enables traders to easily trade AGIX with a stablecoin, reducing the risk of volatility associated with cryptocurrencies.
The third pairing, APT/ETH, allows traders to exchange the Apollo Currency (APT) with Ethereum (ETH). Apollo Currency is a digital asset designed to function as a currency for decentralized applications (dApps) and enables fast and private transactions, while Ethereum is a blockchain-based platform that enables the creation and deployment of decentralized applications.
In conclusion, the launch of new trading pairs in the cryptocurrency space brings exciting possibilities for traders and investors. The pairing of legal tender with digital currencies opens up new avenues for easy access to cryptocurrency markets for people around the world. The addition of stablecoin to digital assets and the exchange of two different digital currencies broadens the possibilities for diversifying one’s portfolio.
This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/851/
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Recommended articles
-
The Future of ChatGPT According to The Hong Kong Special Administrative Region Government
According to reports, according to the website of the Hong Kong Special Administrative Region Government, the Secretary for Innovation, Technology and Industry, Sun Dong, stated th
-
USDC Shows Rapid Growth as the Importance of Digital Currency to Global Business is Increasingly Obvious
According to reports, Circle, the issuer of the stable currency USDC, said that in the past few years, the stable currency operating like digital cash has grow…
-
Raoul Pal Predicts Cryptocurrency Industry Will Flourish With Inevitable Wave of Liquidity
According to reports, Raoul Pal, a former Goldman Sachs executive and macro investor, stated that risky assets such as cryptocurrencies are waiting for an inevitable wave of liquid
-
On the Brink of Liquidation: Bored Ape Yacht Club Faces Health Dilemma
On April 21st, according to BendDAO information, a large number of BAYCs are on the brink of liquidation. Currently, there are 37 BAYCs with a health level of less than 1.05, and o
-
What programming languages are used for blockchain development? (What languages are commonly used for blockchain development?)
What programming languages are used for blockchain development? According to Coi
-
Bitfinex will go live with Arbitrum (ARB)
According to the official announcement, Bitfinex will launch Arbitrum\’s native token ARB. ARB deposits will be opened around 10:00 a.m. World Standard Time on March 22, 2023. ARB t
-
Central Bank of Israel Issues Regulations for Stable Currency: Ensuring Financial Stability
It is reported that the Central Bank of Israel issued the regulation rules of stable currency, which follows the digital asset regulation guidelines issued by …
-
Arbitrum Nova Collaborates with Covent to Enhance Data Availability for GameFi Ecosystem
It is reported that the Arbitrum ecosystem, Arbitrum Nova, announced the integration with the Web3 data provider, Covent, to improve the data availability of d…
-
Launch of “Shadow Wolves” – A New Ecological NFT Series by Cool Cats
On April 21st, the NFT project Cool Cats announced the launch of a new ecological NFT series called \”Shadow Wolves\” on social media. The NFT is classified as a \”Super Cool\” member,
-
Kraken’s Irish Subsidiary Payward Europe Solutions Gets the Green Light from Bank of Ireland’s VASP
According to reports, Kraken\’s Irish subsidiary Payward Europe Solutions, registered in Dublin, has been authorized by the Virtual Asset Service Provider (VASP) of the Central Bank
-
Digital Asset Company Paxos Has Over 10 Million Active Digital Wallets Worldwide
According to reports, digital asset company Paxos announced that it has over 10 million active digital wallets worldwide. Paxos issued a statement stating that although market chal
-
Binance Resumes Trading: What You Need to Know
On March 24th, according to the official announcement, Binance will resume trading at 22:00 on March 24th. Users can now perform operations such as canceling orders, recharging, C2
-
What currency does imtoken support (what currency can imtoken hold)
imtoken supports what currency imtoken supports what currency imTOKEN platform is a completely decentralized and unmanaged digital asset wallet in which users can send and receive Cryptocurrency. Users can store their own Bitcoin, Litecoin, Ethereum and ERC-20 tokens in the imToken wallet; In the Imtoken wallet, you can also transfer ETH, deposit USDT or other Stablecoin; You can also create various DeFi projects, such as MakerDAO, Compound, Aave, Bancor, Synthetix, and more What currency can imtoken placeAccording to official information, what currency can imtoken place? Storing virtual currency on an exchange is currently the most common trading method. View the address and balance query website of Ethereum wallet through the blockchain browser, and find that multiple tokens can be saved or sold in imtoken. In addition to digital assets, imtoken also supports transfers and payments in Cryptocurrency such as Bitcoin According to the latest announcement from imToken, 17 mainstream currencies including BTC ($80 million) and ETH ($25 million) have been…
-
Cryptocurrency institutions remain unaffected by Silvergate’s liquidation
On March 9, following the announcement by Silvergate, a cryptofriendly bank, earlier today that it plans to end its banking business in an orderly manner and v…
-
Bitland’s ASIC Design Changes and Potential Impact on Bitcoin Mining
It is reported that Compass Mining, a Bitcoin mining company, has published a blog article entitled \”Bitland changes its ASIC design\”. Miners need to be prepar…
-
Ark Invest Fund Continues its Faith in Coinbase with Increased Shareholding
It is reported that the Ark Invest Fund of Cathie Wood increased its holdings of 119429 Coinbase shares again on Friday, about US $6.4 million. Among them, Ark…