BCEX Crypto Exchange Expands Listing With New Stablecoin CK.USD
The 13th by trading volume cryptocurrency exchange BCEX added to its listing the CK.USD token, according to the platform’s official blog. The new position became available for trading in pair with the tokenized dollar Tether (USDT) on October 16, 2018, at 18:00 (UTC+8).
Announcement on BCEX will add CK.USD/USDT trading— BCEX (@BCEXofficial) October 16, 2018
CK.USD is a shorthand for CoinBank USD Token. It maintains a stable anchor relationship of 1:1 with the US dollar.
For more information: https://t.co/P8zkglMCJD
Later, users were enabled to trade tokens in pairs with bitcoin, ether, Litecoin, XRP, and other cryptocurrencies.
CK.USD — is a stablecoin, tied to the US dollar rate. It was developed by a company CK Group registered in Canada and later acquired by the COINBANK foundation, which provides pegging the token to the US dollar in the ratio 1:1. The developers issued 100 mln CK.USD stablecoins in total.
The COINBANK website reports that the organization has cooperated with the Bank of Asia for a long time, and complies with the standards of the Basel Committee on Banking Supervision. The fund also pledges to conduct financial audits and cooperate with banks where users' funds will be stored.
CK.USD supports the option of purchasing large amounts of tokens. Retail investors can buy this cryptocurrency on other crypto exchanges as well — apart from BCEX, the trading platform Allcoin also added the stablecoin to the listing. The team promised to develop more opportunities in the future to use CK.USD, as noted on the project website.
The daily trading volume on the BCEX crypto exchange exceeds $161 million. Earlier this year, the platform expanded its listing with such tokens as Mossland (MOC), Primas (PST), and BATT. The team also announced the future support of Gemini Dollar and Paxos Standard but has not yet provided any update.
As previously reported, Bitfinex restored the option of making fiat deposits.