The major cryptocurrency exchange HitBTC recently added support for the euro-pegged stable coin named ‘EURS’ – right after the announcement that an institutional investor snapped up a $10 million stake in the coin a few days after it launched in Malta.
Right now, the coin is seen as the world’s first crypto EUR to crypto USD pair that is trading live on the crypto exchange HitBTC. The news was also tweeted by the exchange.
We’ve integrated $EURS on #HitBTC! $EURS is a stable coin built by #STASIS platform and tied to the value of EURO. Visit our blog to learn more: https://t.co/XA3DSF3sm0 pic.twitter.com/aTs54lFzxM
— HitBTC (@hitbtc) July 23, 2018
According to many analysts, this is definitely a huge achievement for the stablecoin which launched a couple of days ago. As an analyst and the CEO of Stasis, Gregory Klumov said:
“We sold $2 million worth of EURS today and this HitBtc development continues to check further boxes in our attempt to become the stablecoin for investors and money market operators”
Right now, HitBTC claims to be one of the most advanced crypto exchanges around the world (despite the criticism in the past). According to the crypto maverick John McCafee:
“The crypto exchanges have become the thing that we have originally fought against. Their power is immense. Hitbtc, for example, has increased suffering for millions of poor people who cannot afford the minimum buy-in since it is greater than their monthly income.”
This was the main indication for the “keyboard war” between McCaffee and HitBTC, even though some analysts said that this was all good publicity for both McCaffee and the exchange.
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