Crypto Exchange BCEX To List Gemini Dollar And Paxos Standard
The representatives of BCEX, a trading platform, are planning to add Gemini Dollar (GUSD) and Paxos Standard (PAX) to the listing in the near future, according to the information posted on their official Twitter account.
BCEX announces that GUSD issued by Gemini Trust Company, a US regulated stable coin, will be listed on the exchange platform shortly. The listing of GUSD aligns with BCEX vision of building a more trustworthy, transparent and reliable digital trading world. @GeminiDotCom— BCEX (@BCEXofficial) September 21, 2018
Gemini Trust released GUSD, a regulated stable coin based on the Ethereum network and pegged by the US dollar. Since GUSD matches the concept of creating more reliable and transparent crypto trading, BCEX will add it to the listing. The PAX token will be listed by considering the same purpose.
Gemini Dollar is regarded part of the strategy developed by the Gemini Trust co-founders, who seek to create "the future of money." Tyler Winklevoss, CEO of the firm, stated that the token is to become the missing link between the traditional financial system and the cryptocurrency economy.
The creation of the Paxos Standard stablecoin was announced in early September. According to Charles Cascarilla, the executive director of Paxos, the token will enable financial markets to take advantage of blockchain technology under the control of regulators. Since the cost of Paxos Standard is backed by the USD, the token is aimed to overcome volatility and the lack of investors' confidence.
According to CoinMarketCap at 09:20 (UTC), September 24, the BCEX crypto exchange is ranked 13th in terms of total market cap, and its trading volume equals $193.7 million for the last 24 hours.
As previously reported, Binance and HitBTC expanded their listings by adding Gemini Dollar and Paxos Standard.