Cryptocurrency exchange Bitstamp has launched trading of tether tokens pegged on euro (EURt). According to a press release shared with iHodl, the exchange's clients can now deposit euro (EUR) and swap, transfer, or trade it to a stablecoin, without losing suffering from Forex volatility. The exchange will also give a 90% discount on trading fees for those customers who use EURt until the end of 2021.
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"The listing of EURt, the first mainstream Euro-pegged stablecoin, will ensure our customers based in countries with the single European currency can trade with greater confidence, without losing on their overall purchasing power," said Miha Vidmar, Bitstamp CPO.
Bitstamp's extension of supported assets comes after the exchange reported an increase of its clients base in the US by 570% in the first four months of 2021 versus the same period of 2020. Bitstamp also added that US clients' assets under management surged by 281% in Q1, 2021.
Earlier, the Luxembourg-based exchange added support for tether (USDT), compound (COMP) and the graph (GRT) for its clients in the US. Bitstamp also emphasized that the newly-listed assets will be available for trading with zero fees until the end of September.
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