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Binance Debuts Four Stablecoin-Based WAVES Trading Pairs

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Thu, 01/17/2019 - 07:56
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Alex Dovbnya
Binance Debuts Four Stablecoin-Based WAVES Trading Pairs
Binance Debuts Four Stablecoin-Based WAVES Trading Pairs
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Binance has just made an announcement about rolling out four trading pairs with WAVES. Major stablecoins (USDT, TUSD, PAX, and USDC) will serve as base currencies.

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Waves price bump

Twitter users noticed that the WAVES price recorded a minor spike ten minutes prior to the announcement, which was rather a flash in the pan. The token’s price peaked at $2.66, and it’s currently sitting at $2.59.     
 

It’s worth reminding that WAVES was the only coin that stayed in the green during December’s crypto rout, skyrocketing to its most recent peak of $4.17 on Dec. 19.    

Binance added WAVES to its extensive list of digital assets back in December 2017 by introducing the WAVES/BTC trading pair. Earlier, WAVES CEO Alexandr Ivanov also stated that Binance is the future of trading because of its professional team and robust platform.   

Fiat market   

On Binance, fiat trading is conducted with the help of Tether (USDT), a flagship stablecoin, which allows the exchange to take a more relaxed regulatory position. Currently, the exchange is also expanding markets for other big-name dollar-pegged stablecoins that aim to disrupt Tether’s dominance in the growing crypto niche.  

On top of that, Binance is making waves in the crypto-to-fiat department, recently opening a new EUR/GBP exchange in Jersey. As U.Today reported earlier, the billion-dollar crypto unicorn is planning to open from five to ten fiat exchanges in 2019 alone. 

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.