Crypto Exchange Seed CX Adds Support for Three Stablecoins

Crypto alternate Seed CX has introduced assist for stablecoins Paxos, USD Coin, and TrueUSD, that are presently pegged to U.S. {dollars}.
Chicago-based crypto alternate Seed CX has introduced assist for stablecoins Paxos (PAX), USD Coin (USDC), and TrueUSD (TUSD) in a press launch on May 14.The new stablecoin additions may be traded for U.S. {dollars} beginning May 17, and the alternate is aiming to roll out trading pairs between the stablecoins and different fiat currencies such because the euro within the close to future. Seed CX CEO Edward Woodford commented on the impetus so as to add stablecoin choices:“Stablecoins are necessary within the ecosystem as they improve the speed of motion of fiat equal belongings 24/7 and had been requested by a lot of our trading members.”For margin trading, the press launch states that these three stablecoins can be utilized as collateral with a minimal holding requirement of 10%, which permits buyers to commerce as much as 1,000% of the worth for his or her present stablecoin holdings.As lately reported by Cointelegraph, main crypto alternate Binance seems to be like will probably be rolling out assist for margin trading for 9 trading pairs.While not but confirmed, the general public Application Programming Interface (API) has been lately up to date to incorporate the variables “isSpotTradingAllowed” and is “isMarginTradingAllowed.”A Reddit consumer noticed on the outset of May that second variable test is now true for 9 pairs: BTC/USDT, BNB/BTC, BNB/USDT, ETH/BTC, ETH/USDT, TRX/BTC, TRX/USDT, XRP/BTC, XRP/USDT.Binance CEO CZ linked to the put up in an official twitter put up, saying “Crowd intelligence is superb.”

Source: CoinTelegraph.com

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