TORONTO–(BUSINESS WIRE)–Newton introduced at the moment the introduction of three new stablecoin pairs to its cryptocurrency buying and selling platform: USDT/USDC, XMR/USDC and BTC/USDC. Steady-coins are pegged to the worth of fiat foreign money, resembling USD or CAD, making them much less topic to cost swings usually seen in cryptocurrency markets.
Newton is the main Canadian supporter of stablecoin initiatives, together with Steady-corp’s QCAD, which launched in February, in addition to USDT and USDC, two standard USD-backed stablecoins with billions of dollars in each day buying and selling quantity.
“With the introduction of three new stablecoin pairs – and lots of extra to come back – we’re making a giant push into what we see as the way forward for fintech,” mentioned Dustin Walper, CEO of Newton. “Stablecoin buying and selling pairs permit clients to seamlessly change, for instance, CAD for USD with out ready hours or days for funds to maneuver from financial institution to financial institution.”
Since launching in late 2018, Newton has grown to change into one in every of Canada’s hottest cryptocurrency buying and selling platforms, providing an easy-to-use interface at a considerably decrease price than a lot of its opponents. The introduction of three new pairs brings the whole quantity out there to 12, additional widening the capabilities hole between Newton and different Canadian market contributors.
“Our objective is to be relentless in relation to providing higher choice on the lowest attainable costs,” mentioned Nickolas Tsagatakis, Head of Challenge Administration at Newton. “We’re continually evaluating new digital foreign money initiatives for suitability on our plat-form, and we topic each one in every of them to a rigorous set of inclusion standards earlier than they’re ever supplied to clients.”
These new buying and selling pairs can be found beginning at the moment on net and Android. iOS assist is deliberate within the coming weeks.
