Tech News, Magazine & Review WordPress Theme 2017
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
No Result
View All Result
The Daily Hodl
No Result
View All Result

4 Altcoins Emerging as Gateways to Crypto Investing and Trading

by Daily Hodl Staff
March 30, 2018
in Trading
‏‏‎ ‏‏‎ ‏‏‎ ‏‏‎
‎‎‎ ‏‏‎

One of the largest cryptocurrency exchanges in the world, British Virgin Islands-based Bitfinex has announced that it will add four new altcoins – ETH, IOTA, EOS, NEO – as trading pairs for Japanese Yen (JPY) and British Pound Sterling (GBP).

The move allows traders with fiat who want to purchase ETH, IOTA, EOS, NEO to skirt conversions into Bitcoin first in order to purchase these four other cryptocurrencies. With less reliance on Bitcoin as a trading pair, Bitfinex hopes to attract more investors.

Bitifinex has also opened the door to customers’ direct deposits of JPY and GBP in a strong push to make “cryptocurrencies more globally accessible.”

The new trading pairs are as follows:

BTC – BTC/JPY & BTC/GBP

ETH – ETH/EUR, ETH/JPY & ETH/GBP

IOTA – IOTA/JPY & IOTA/GBP

EOS – EOS/EUR, EOS/JPY & EOS/GBP

NEO – NEO/EUR, NEO/JPY & NEO/GBP

“The addition of these new trading pairs to Bitfinex will facilitate improved accessibility and convenience for traders, unlocking greater levels of liquidity for the exchange and the cryptocurrency market as a whole,” the company says. “The introduction of a greater number of crypto-fiat trading pairs, and the subsequent reduction of the reliance upon BTC as a medium of exchange, will work to greatly benefit traders while reducing the associated costs — in terms of both time and money — of trading digital assets.”

Wells Fargo ended its banking relationship with Bitfinex last April. Subsequently, the exchange began banking with ING, which confirmed to Reuters in an email that it has an account with Bitfinex in The Netherlands.

Bitfinex has been under scrutiny by US regulators because Bitfinex and Tether, a cryptocurrency stable coin that is allegedly back by the US dollar, share the same chief executive officer. Traders use Tether coins as a substitute for US dollars under the assumption that they are backed by dollars held in reserve. But Tether Limited has not issued an audit revealing the accuracy of such claims.

Without verification that Tether is pegged to the US dollar, there has been wild speculation that Bitcoin’s last great price surge to $20,000 in December of 2017 was largely due to false liquidity from Tether and a larger Bitfinex-Tether manipulation scheme.

ADVERTISEMENT


Check Latest News Headlines


Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Submit a Press Release

Crypto Livewire – Press Releases

  • Unifi Farms Beta Launches on Unifi Protocol to Pioneer No-Stake Farming
    February 26, 2021
  • Bang Bang: Critical Factors Fueling Rise of the Retail Investor
    February 25, 2021
  • How Traders Make Money in Both Bull and Bear Markets on BigoMex
    February 25, 2021
  • Student Coin Found New Ways to Use Crypto
    February 24, 2021
  • Everest Receives Crypto Custodian Approval
    February 23, 2021
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$46,238.00
$46,238.00
5.56%
Ethereum
$1,456.07
$1,456.07
7.2%
Binance Coin
$222.58
$222.58
9%
Polkadot
$31.07
$31.07
5.36%
Cardano
$1.23
$1.23
10.32%
XRP
$0.429609
$0.429609
6.09%
ADVERTISEMENT

Spotlight

  • Lark Davis Urges Launch of Ethereum 2.0 Amid ‘Crazy’ Fees, Exodus to Binance Smart Chain
    February 22, 2021
  • Coinbase Reveals It Has Executed $1,000,000,000 Crypto Buys for Some of the Largest Institutions in the World
    February 26, 2021
  • People Underestimating Magnitude of Wave That’s About To Hit Bitcoin and Crypto, Says Binance CEO
    February 20, 2021
  • Top Crypto Analyst Says One Altcoin Will Recover Stronger and Faster Than the Rest
    February 24, 2021

DON’T MISS A BEAT

Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options

By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.

Check your inbox for confirmation email.

Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX • Explore • Futuremash •
Crypto Livewire

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2021 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro

© 2020 The Daily Hodl

×
We use cookies to give you the best online experience possible. Continue browsing if you are happy with that, or see how to manage cookies.