Dear CoinEx users:
On February 3rd, 2018, CoinEx launched USDT Market, supporting BCH/USDT, BTC/USDT, LTC/USDT as well as ETH/USDT trading pairs and opened deposit and withdrawal of USDT.
What is USDT?
Tether (USDT) is a cryptocurrency token that was issued by Tether Limited on the Bitcoin blockchain (before transitioning to the Ethereum blockchain) through the Omni Layer Protocol. Tether Limited claim that each unit of Tether is backed by one United States dollar held in reserve by Tether Limited, and can be redeemed through the Tether Platform. The primary objective is to facilitate transactions between cryptocurrency exchanges with a rate fixed to the United States dollar allowing traders to take advantage of high speed arbitrage opportunities without resorting to slow bank wires.
About USDT: https://tether.to/
Learn more: https://coinmarketcap.com/currencies/tether/
Risk Reminder
Tether (USDT) is a centralized cryptocurrency and might NOT be redeemed back to USD due to its potential risks such as over issuance, bankruptcy, policy violation etc. Please evaluate cautiously before investing.
We are careful and responsible when it comes to selecting up-and-coming blockchain trading varieties and we will continue with our commitment to delivering professionalism and more cryptocurrency trading choices with good investment potential.
If you have any questions about CoinEx, please feel free to drop an Email to support@coinex.com.
CoinEx
Feb 4th, 2018