Stay ahead in the world of cryptocurrency trading with this comprehensive guide on Crypto.com's latest addition of multiple PYUSD trading pairs.
Understand the significance of these new trading pairs and how they are set to shape the future of cryptocurrency trading globally.
Contents
Strengthening PYUSD Trading Pairs on Crypto.com
On October 3, 2023, Crypto.com—a platform offering various services such as cryptocurrency trading, virtual currency payments, and staking—announced the addition of multiple trading pairs with PYUSD.
PYUSD is a US Dollar-pegged stablecoin issued by Paxos under the PayPal brand.
Last month, on the 28th, it was announced that a partnership between Crypto.com, PayPal, and Paxos had established Crypto.com as the "preferred exchange" for PYUSD trading.
In the recent announcement, Crypto.com revealed the expanded list of PYUSD trading pairs, specifically adding the following cryptocurrencies for trading with PYUSD:
- LTC
- BCH
- ATOM
- XLM
- SHIB
- BONE
Rapid Adoption and Future Prospects of PYUSD and Crypto.com
Since its launch in August of this year, PYUSD has seen rapid adoption.
Coupled with the fact that Crypto.com is a popular cryptocurrency platform with over 80 million users worldwide, the addition of these new trading pairs is expected to further stimulate cryptocurrency trading activities.
Notably, it was also announced on the 20th of last month that PYUSD became available on Venmo, a popular peer-to-peer money transfer app in the United States.
Furthermore, with the recent listings and technological developments related to SHIB and BONE, expectations for further expansion of the SHIB ecosystem are growing.
-
US SEC Sues MetaMask Developer ConsenSys: Accusations of Securities Law Violations in Staking
The SEC has filed a lawsuit against MetaMask developer ConsenSys, alleging securities law violations in its swaps and staking services, highlighting ongoing regulatory scrutiny in the cryptocurrency industry.
続きを見る