XT Exchange sees it as an opportunity to improve the user experience of its platform by integrating DAI Market.
April 20, 2022– XT.com, the world's first social infused exchange, has announced the addition of the popular decentralized stablecoin DAI market to its trading platform, enhancing the XT user experience. The DAI stablecoin has been added to the XT platform's coin listing, allowing traders to trade against global market pairs. With the XT Exchange integration with MakerDAO, the existing XT trading platform now provides customers with an extra stablecoin accessibility and an enhanced crypto trading experience in general.
MakerDAO is better positioned to capture the XT community and reach a larger user base with the addition of DAI to the existing XT platform. The new platform will also meet the demand for a stable currency, lowering the risks associated with highly volatile cryptocurrencies. The addition of DAI to the XT platform will benefit both existing and new users by providing them with a better crypto trading experience.
It is worth noting that DAI is an excellent choice for global companies and cross-border transactions. XT.com sees it as an opportunity to improve the user experience of its platform by integrating the DAI market. MakerDAO's DAI stablecoin, which is built on the Ethereum network and supported by a system of smart contracts and decentralized price feeds, is intended to maintain a soft peg to the US dollar.
XT.com intends on opening five trading pairs which includes BTC/DAI, ETH/DAI, MKR/DAI, USDT/DAI and TRX/DAI. "We are delighted to partner with MakerDAO and list the DAI market on our platform," says Anisor, CMO of XT.com. I'm confident that this collaboration will help us reach a larger user base. We also anticipate mutual growth for both businesses as a result of this collaboration."
DAI is an Ethereum-based decentralised stablecoin developed by MakerDAO, with a digital currency value that remains close to $1. It helps users in making efficient use of the currency for all transactions that can be done using digital currency as well as traditional currencies. With the stablecoin integration with 1000+ applications, DAI penetrates a wider audience base by facilitating crypto trading using a coin with a stable value.
The decentralised stablecoin DAI came into existence in 2017, and it allows users to trade their cryptocurrencies for an equivalent value of DAI. It can be transferred easily between Ethereum wallets, and can also be used for regular purchases just like fiat currency.
XT.COM Exchange was established in 2018 and registered in Seychelles. Its operating headquarters is located in Dubai. It has operation centers in Singapore, Seoul and other countries and regions, and its business covers the world.
The platform owns the global top-level domain www.xt.com, and currently has more than 3 million registered users, more than 300,000 monthly active users, and more than 30 million users in the ecosystem. The trading platform supports 500+ high-quality currencies and 800+ trading pairs. It has a rich variety of transactions such as currency transactions, leveraged transactions, OTC transactions, contract transactions, and credit card purchases. XT offers users with the safest, most efficient and professional digital asset investment services.