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.
We are pleased to announce the launch of USDT markets for both Bitcoin (BTCUST) and Ethereum (ETHUST) in an effort to optimise cross-pair market making capabilities.
Read the full announcement here: https://t.co/CDUWIlfqzv
— Bitfinex (@bitfinex) March 11, 2019
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.