STEX LISTS WRAPPED BITCOIN (WBTC) AND DAI PROJECT
Deposits/withdrawals starts September 23;
Trading starts September 24.
September 23, 2020 – The global cryptocurrency exchange STEX announced the listing of Wrapped Bitcoin (WBTC) and the DAI project. Deposits/withdrawals starts September 23 and trading starts September 24, 10.00 UTC at STEX.com.
Wrapped Bitcoin is the first ERC20 token backed 1:1 with Bitcoin, according to its website. Launched six months ago, WBTC is designed to create smart contracts for Bitcoin. “WBTC brings greater liquidity to the Ethereum ecosystem including decentralized exchanges (DEXs) and financial applications. Today, the majority of trading volume takes place on centralized exchanges with Bitcoin. WBTC changes that, bringing Bitcoin’s liquidity to DEXs and making it possible to use Bitcoin for token trades.”
The current price for WBTC is $10,454 USD with a market capitalization of $806,692,850 USD, according to Coin Market Cap.
DAI is a decentralized finance (DeFi) stablecoin that resides on the Ethereum network. Launched by MakerDAO, the token is defined as a “collateral-backed money whose value is pegged to the US Dollar and kept stable through a framework of aligned financial incentives,” according to its website. The current value of DAI is $1.01 USD with a market cap of $835,799,788 USD, according to CoinMarketCap.
With more than 300,000 users worldwide, STEX is a powerful cryptocurrency exchange that makes it easy to buy, sell and invest digital currencies from one fast, and convenient platform at low competitive rates. Users can choose from more than 400+ trading pairs, purchase crypto with credit or bank cards, and exchange fiat to crypto or crypto to fiat with a few swipes on their mobile device. Founded in Estonia, STEX meets all EU regulations for cryptocurrency exchanges. For more information about STEX and its partners, visit: