Bitfinex Enables (EURS), CryptoFranc (XCHF) and Wrapped Bitcoin (WBTC) Trading on ETH and USD
The cryptocurrency exchange, Bitfinex has recently been on the spotlight from the New York Attorney General claiming there's some ongoing fraud carried out by Bitfinex.
However, that lawsuit seems to be doing less to the exchange's objectives of moving forward to establishing itself as the best.
Today the exchange introduced trading for Stasis Euro (EURS), CryptFranc (XCHF) and Wrapped Bitcoin (WBTC) with the trading available against ETH and USD.
We are pleased to introduce trading for Stasis Euro (EURS), CryptoFranc (XCHF) and Wrapped Bitcoin (WBTC).
— Bitfinex (@bitfinex) May 3, 2019
Trading Already Underway
While announcing via a tweet, Bitfinex stated that already the trading for the assets had been enabled. Furthermore, the tokens will as well be trading on Bitfinex against the U.S. Dollars and Ethereum.
According to the CoinMarketCap, EURS is ranked 123 and is a tokenized version of the euro that allows crypto users on the exchange to trade a stable version of the Euro currency.
The Hong Kong-based trading platform is already one of the top crypto trading platforms supporting over 60 cryptocurrencies as well as fiat currencies such as USD, GBP, JPY, and EUR. Its main objective is becoming a premier destination for seasoned crypto trades across the globe.
Therefore, the new introduction of the tokens into the exchange is a massive step. For Stasis, they say that their tokens are backed 1:1 by collateral held in reserve accounts. XCHF is an ERC20 token which is built on the Ethereum blockchain launched by Swiss Crypto Tokens AG.
WBTC is as well an ERC20 token that tracks the price of the giant crypto, bitcoin through 1:1 backing, bringing bitcoin liquidity to the Ethereum blockchain. Therefore, despite the pressure from NYAG, collectively Bitfinex is doing what it does best to ensure it climbs to become top of the list of best exchanges.