The Peer-to-Peer (P2P) cryptocurrency exchange Bitcoin Global has announced to introduce the stablecoin Tether (USDT) trading on its trading platform. The company announced the trading support for Tether after the customers’ demand for the stablecoin increased. Bitcoin trading is already supported on the platform of Bitcoin Global.
USDT trading is now available on Bitcoin Global
Tether (USDT), a prominent stablecoin in the cryptocurrency industry is now available for trading on the trading platform of the peer-to-peer crypto exchange Bitcoin Global. The company has enabled trading support for Tether as well along with the trading of the world’s largest cryptocurrency Bitcoin (BTC).
Users of Bitcoin Global have been given the opportunity to trade a second major digital currency USDT apart from trading BTC. USDT is currently dominating the cryptocurrency industry as a stablecoin and it is currently ranked at the third spot with a market capitalization of more than $14 billion.
It leaves behind the leading digital currency Bitcoin in terms of overall trading volume which is more than 50% of that of Bitcoin’s trading volume. Moreover, its overall trading volume is three times higher than Ethereum (ETH) as well which is the second-largest cryptocurrency in the world by market cap.
Bitcoin Global’s efforts to drive adoption
Bitcoin Global is offering users the two most famous cryptocurrencies of the industry BTC and USDT. This will raise the position of Bitcoin Global in the industry of peer-to-peer (P2P) trading as well as it will boost its adoption all across the whole world.
The company has been making developments in recent times for driving the adoption of Bitcoin Global worldwide. The most recent development made by the company is the introduction of the trading of Tether stablecoin on its platform to fulfill the demand of its users. Recently, the company added support for two more language translations on its platform which are French and Chinese. Now there are four languages in total supported on its platform including English and Russian as well which are already supported.
Another development made by the company was the launch of API for automating advertising management.