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Bitfinex announces USDT markets for BTC and ETH

bitfinex-btc-eth-usdt

British Virgin Islands-registered cryptocurrency exchange Bitfinex, announced today the launch of USDT markets for both Bitcoin (BTC) and Ethereum (ETH).

The company said that the newly-launched USDT pairs will be traded under the ticker symbols BTCUST and ETHUST.

“At Bitfinex we strive to provide our user base with a diverse array of tools for running high-quality market differentiating trading strategies. In line with this, the launch of additional Tether-denominated trading pairs for Bitcoin and Ethereum is a step towards simplifying and optimising cross-exchange market making capabilities across USDT pairs,” the announcement reads.

As previously noted by Reuters, Bitfinex, whose staff are mostly in Europe and Asia, shares its management with controversial Tether, a company that issues a stablecoin cryptocurrency that is pegged to the U.S. dollar.

At press time, BTC/USDt pair is trading at $3,853.5 with 24h trading volume of 32,236 UST and ETH/USDt pair is trading at $132.65 price mark with 24h trading volume of 27,685 UST.

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