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eToroX adds support for Dash, USDC, USDT and GOLDX/BTC, announces 5 new stablecoins

Tue, 12 Nov 2019, 10:11 am UTC

eToroX, the blockchain subsidiary of global investment company eToro, has announced support for five new fiat stablecoins, a new cryptoasset, two established stablecoins and a crypto-commodity pair.

Formed in 2018, eToroX was granted a distributed ledger technology (DLT) licence by the Gibraltar Financial Services Commission (GFSC) in December. In April, it launched its cryptocurrency exchange and announced eight stablecoins.

In a press release, eToroX said that it has added support for Dash, USDC, USDT and 5 new stablecoins – Turkish Lira (TRYX), Polish Zloty (PLNX), South African Rand (ZARX), Hong Kong Dollar (HKDX), and Singapore Dollar (SGDX).

In addition, it has added a crypto-commodity pair. GoldX, the tokenized gold stablecoin, is now available as a base currency for a trading as a pair with Bitcoin (GOLDX/BTC).

With this, the exchange supports 26 tradable assets and 17 eToroX stablecoins in addition to USDC and USDT.

"We see the addition of USDC and USDT as a way for eToroX to further meet the needs of professional and institutional algo traders, particularly in the Asian markets. Adding five new stablecoins, plus the addition of the Dash cryptoasset, demonstrates our ongoing commitment to bridge the gap between the world of blockchain and traditional financial markets,” Doron Rosenblum, Managing Director of eToroX, said.

“Our Gold/Bitcoin pair provides a means to trade between the old and the new stores of value, making Gold/BTC an extremely special and interesting combination.”

eToroX said that will be adding more trading pairs, additional cryptoassets and stablecoins to the exchange in the coming months.

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