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Bitfinex announces additional crypto trading pairs for Bitcoin [BTC], Ethereum [ETH], NEO, EOS, and IOTA

Abhishek Anil

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Bitfinex announces additional crypto trading pairs for Bitcoin [BTC], Ethereum [ETH], NEO, EOS, and OTA
Source: Flickr

Bitfinex has announced a fiat expansion that will see the addition of new crypto trading pairs, that will enable deposits and withdrawals in Japanese Yen [JPY] and British Pound Sterling [GBP].

The list of the added pairs are as follows :

  • BTC – BTC/JPY and BTC/GBP
  • ETH – ETH/EUR, ETH/JPY and ETH/GBP
  • NEO – NEO/EUR, NEO/JPY and NEO/GBP
  • EOS – EOS/EUR, EOS/JPY and EOS/GBP
  • IOTA – IOTA/JPY and IOTA/GBP

Bitfinex claimed that it is an expansion of their service offering to cater for a global trading community with increased engagements in a number of international markets. This has come amidst news that Bitfinex has planned to move shop to Switzerland.

Jean-Louis van der Velde, CEO at Bitfinex, confirmed this by saying

 “We are looking for a new home for Bitfinex and the parent company iFinex, where we want to merge the operations previously spread over several locations.”

Bitfinex has already met with key members of the Swiss government regarding a potential move and has been met with optimism.

A local entrepreneur added:

“It would be sensational if an actor of this size and importance should decide for Switzerland”

They have indicated that the addition of these trading pairs to Bitfinex will facilitate improved accessibility and be convenient for traders. They have stressed on the reduction of reliance of BTC, which trumps as a medium of exchange by introducing a large number of cryptocurrency and fiat trading pairs. This is expected to reduce costs in terms of time and money in trading digital assets.



The company’s CEO, JL van der Velde had the following to say about today’s announcement:

“We are very pleased to add to our selection of fiat offerings and to do our part in making cryptocurrencies more globally accessible. We are making a strong push for improved transparency and worldwide regulatory collaboration, and our ability to add support for these markets is a strong win on that front.”

The addition of the new trading pairs is expected to develop, mature and expand the offering of Bitfinex while increasing its potential at a global level.





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Altcoins

Tron DApp Weekly Report: Gambling apps leads the surge in Tron DApp numbers

Namrata Shukla

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Tron DApp Weekly Report: Tron DApps number led by Gambling apps
Source: Pixabay

Tron, the eleventh largest cryptocurrency on CoinMarketCap, recently collaborated with Bitpie, a partnership that would help startups to bridge the gap in vulnerable financial systems. Tron’s token might be lagging in terms of performance in the market but, Tron DApps continued to surge.

The DApp weekly report released by the Tron Foundation reported an increase of 22 DApps in the Tron ecosystem, taking the total to 392. It noted that gambling DApps mainly contributed to this growth as 17 DApps were gambling-based. Decentralized exchanges followed suit, as 3 new DApps made their way into the Tron DApp ecosystem. The main highlight for the entire Tron community was the partnership with Opera, a mainstream browser.

Tron introduced a DApp ‘Lucky Moon,’ an entertainment-based DApp that pushes users to estimate the current time to run away from the imploding rocket with a specific reward rate. As the rocket takes-off, the reward rate keeps increasing and the player will have to escape at the right time. An extension of this game is ‘Tyrant Annihilation,’ where users need to collect seven types of equipment to kill a tyrant. The DApp might have taken inspiration from The Avengers.



The report made note of the fact that the Tron public chain received support from Aocoin wallet, a decentralized secure digital currency wallet. My Token, a software company that specializes in market information has been integrated into Tronscan and TRX market, leading the way to user traffic in DApps ecosystem.

At press time, Tron was valued at $0.0283 with a market cap of $1.89 billion. The 24-hour trading volume of the coin was noted to be $690.34 as it reported 6.36% growth over the past day. The coin grew by 8.80% over the past seven days, but fell by 0.44% in an hour.





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