February 25, 2021– The global cryptocurrency exchange STEX announced today it is recognizing its 4thAnniversary by offering traders 0% trading fees on USDC market sell orders through June 25. Called “Stable Spring,” the promotion recognizes the 4th Anniversary of STEX, which was launched in April 2018.
“Offering 0% commission on USDC market sell orders is a great way for us to reward our traders for their support of STEX,” STEX Founder Vadym Kurylovych (VK) said. “Over the past four years, we’ve seen tremendous growth in our user base and trading activity. The support of traders is key and we are thanking them for making STEX a success.”
STEX launched its USDC market pairs earlier in February as an alternative investment for traders looking to diversify their portfolios through additional stablecoin trading pairs: (BTC/USDC, ETH/USDC, LTC/USDC). USDC wallets will work on two layers: ETH and Stellar, with a Solana layer to be added soon. STEX users can make USDC deposits, trades and also buy USDC with cards through its exchange.
Launched in September 2018, USDC is a stablecoin that is pegged to the US Dollar at a 1:1 basis. Each USDC coin is backed by $1 US that is held in reserve in a mix of cash and short-term treasury bonds. It is currently the number 12 token with a market capitalization of more than $8 Billion US.
“We’re always working to add trading pairs to our exchange that provide our users with the options they want in the coin market,” VK said. “Keeping traders on the leading edge of the cryptocurrency market remains a top priority of us as we expand the offerings at STEX.”
STEX is a licensed, regulated and centralized cryptocurrency spot trading platform based in Estonia and operated by Etna Development OÜ. Established with a strong belief in customer protection, transparency and responsibility of service, STEX has grown and scaled into a mature business with a wide network of partnerships. Following the path of pro-compliant market participant, STEX became an early presenter of tax reporting Smart Services integrations for its customers and prepared for GDPR, AML/CTF compliance ahead of time.
Established in 2018, STEX is a powerful cryptocurrency exchange that makes it easy to buy, sell and invest digital currencies from one fast, and convenient platform at low competitive rates. Users can choose from more than 400+ trading pairs, purchase crypto with credit or bank cards, and exchange fiat to crypto or crypto to fiat with a few swipes on their mobile device. Founded in Estonia, STEX meets all EU regulations for cryptocurrency exchanges.
Originally published at https://www.stex.com on February 25, 2021.