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Bitfinex, a cutting edge virtual token trading platform, has allowed its users to make withdrawal as well as deposits of Tether tokens (USDT) on Kusama, a scalable network of esoteric blockchains.
The release of USDT Kusama will further extend its reach to 10 distinct blockchains involving Ethereum as it makes its position robust as the biggest stablecoin by market cap. Kusama is developed utilizing Substrate, an off the shelf blockchain solution from Parity Technologies, a blockchain framework provider.
Paolo Ardoino, Bitfinex CTO stated that, “With USDt available on Kusama, it opens up another highly progressive blockchain to tether token holders. He further added that, “Kusama has a vibrant ecosystem of projects testing and innovating ideas that have the potential to make significant contributions to the emerging Web3 paradigm.
USDT is backed by several e-commerce platforms and payment gateways, and already offers swifter payments in contrast to debit and credit cards and conventional payment systems.
Bitfinex is leveraging its position as one-stop shop for cryptocurrency trading providing several services, involving margin trading with a juicy leverage of 10X.
*All users of www.bitfinex.com are subject to Bitfinex’s terms of service. Please note that U.S. persons (as defined in the TOS), among other prohibited persons (as defined in the TOS), are strictly prohibited from directly or indirectly holding, owning or operating an Account (as defined in the TOS) on www.bitfinex.com.
About Bitfinex
Founded in 2012, Bitfinex is a digital token trading platform offering state-of-the-art services for traders and global liquidity providers. In addition to a suite of advanced trading features and charting tools, Bitfinex provides access to peer-to-peer financing, an OTC market and margin trading for a wide selection of digital tokens. Bitfinex’s strategy focuses on providing unparalleled support, tools, and innovation for experienced traders and liquidity providers around the world. Visit www.bitfinex.com to learn more.
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
