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Major Cryptocurrency Exchange Bitfinex Enables Support for EOS-Based Tether

  • Alex Dovbnya
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    It is a new version of the ubiquitous Tether stablecoin that is powered by the EOS Blockchain    

Major Cryptocurrency Exchange Bitfinex Enables Support for EOS-Based Tether
Cover image via u.today

Bitfinex, British Virgin Islands-based cryptocurrency exchange, now supports EOS-based USDt deposits and withdrawals, the company’s blog post claims. It is only available for verified customers.

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This comes on the heels of the eosfinex launch, which kicked off trading hours before the above-mentioned announcement. The decentralized exchange, which was developed by Bitfinex, is based on the EOS Blockchain.

Bitfinex CTO Paolo Ardoino expressed his gratitude to the EOS community, which helped them to deliver the new product.

eosfinex combines the best of both worlds - the scalability of EOS and the liquidity of Bitfinex.

Apart from EOS, Bitfinex has also enabled full support for Tron-based deposits on June 30.

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an 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.

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