OKX Started Offering BTC, ETH Trading Pairs Against UST

OKX started offering BTC, ETH trading pairs against Terra’s UST and the spot trading for SOL and AVAX tokens will also be launched so let’s read more in today’s latest cryptocurrency news.

Crypto exchange OKX started offering trading pairs for Terra’s UST with BTC, ETH, and the native tokens for SOL and AVAX. The exchange said:

“OKX is pleased to announce the listing of BTC/UST, ETH/UST, SOL/UST, AVAX/UST on our spot trading markets as we continue to support the development of the Terra ecosystem.”

The trading pair will go live today according to the statement. UST alongside LUNA is one of the two tokens on the Terra ecosystem and the UST value is pegged to 1:1 to the dollar with it the biggest largest decentralized stablecoin in the crypto ecosystem with a market cap of $16 billion. UST is the most used on Anchor, a money market for lending and borrowing built on Terra, and over $8.79 billion in UST is locked on Anchor.

#AprilFools Let’s dream big 🎰

Keep clicking 🖱 until you’re satisfied with the amount of $BTC in your wallet 😎👇🏻https://t.co/oEMDbTR956 pic.twitter.com/o6ygYbqrHh

— OKX (@okx) April 1, 2022

As recently reported, OKX becomes the main crypto exchange partner of Manchester City and joined the growing number of digital asset tradign platforms partnering with some prominent representatives of the sports industry the company collaborated with the club and has become the team’s official crypto exchange partner. Forbes announced the news and indicated that the reigning Premier League champions will display the logo of the exchange inside the home ground Etihad Stadium and the Academy Stadium. The press releases shed more light on the deal which is OKX’s first venture into this industry. The partnership will also spend the men’s and women’s teams in addition to the esports operations.

Also, Global crypto exchange OKEx is ramping up the Defi efforts with the introduction of the DeFi Hub as a decentralized digital asset ecosystem that includes a marketplace for NFTs. According to the announcement, the crypto spot and derivatives exchange launched a Defi hub with two tools, DeFi dashboard, and NFT marketplace. The latter enables users to mint their own NFTs and sell with a royalty fee which is set by the creator. Users will be able to import NFTs from other supported platforms such as OKEX NFT, OkexChain, and more, where they can buy, sell or trade nonfungible tokens with zero fees paid to OKEx. The new hub requires a connection with the OKEX wallet which is a multi-chain decentralized wallet offered by the exchange as a browser extension.