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FXOpen Adds Deposits in Euro and Dollar Coins via Tether

FXOpen Adds Deposits in Euro and Dollar Coins via Tether

Retail forex broker FXOpen remains dedicated to working with virtual currency as it has launched an unlimited deposit and withdrawal service via Tether.

Tether Inc. focuses on cryptocurrencies that mirror fiat currencies. For instance, it already offers a euro coin (EUR?) and a dollar coin (USD?), both of which are tradeable over the Bitcoin blockchain, and foresees to introduce a Japanese yen offering (JPY?) in the near future. Essentially, Tether bridges the gap between bitcoin businesses such as wallets, exchanges and payment processors, and fiat currencies. Among the entities which are already using the system are GoCoin, ShapeShift, C-CEX, Bitfinex and Poloniex.

FXOpen has a proven track record of cryptocurrency operations. For example, the broker was the first one to offer the Ethereum-based trading pairs of ETH/USD and ETH/BTC in 2016. That was followed by the introduction of the Dash-based DSH/BTC, as well as the ETH/RUB pair.

As a whole, FXOpen now supports Bitcoin, Litecoin, Namecoin, Ethereum and Tether.