Customers of Bittrex Global are now able to trade Circle’s USDC and EUROC without trading fees, after the exchange announced a partnership with the stablecoin issuer.
No-fee transactions will be available via the Bittrex Global exchange until the end of the summer on USDC, the Circle-issued U.S. dollar stablecoin, as well as its Euro counterpart EUROC, and all pairs. The offer runs until August 28 this year.
"With Circle, we’re able to provide traders with the most enticing way to access regulated stablecoins, reinforcing our commitment to both innovation and security,” said Oliver Linch, CEO of Bittrex Global.
He added that the offer comes at a time when stablecoins are proving to be a “particularly attractive asset class”.
What is USDC?
Stablecoins are a type of cryptocurrency that maintain a relatively stable value by being pegged to another asset, such as a fiat currency or a commodity.
USDC, Circle’s stablecoin pegged to the value of the U.S. dollar, is the world’s second-largest stablecoin by market capitalization. The group’s Euro-backed equivalent, EUROC, launched last year and has been newly listed on Bittrex Global as part of the partnership, joining a roster of more than 500 tokens available to purchase and trade.
"Expanding access to fully-backed digital assets like USDC and now Euro Coin offers Bittrex Global's customers a safer and regulated way to explore new opportunities for financial services made possible by globally accessible, always-on money," said Joao Reginatto, Vice President of Product at Circle.
Commenting on the partnership, Bittrex Global’s Head of Digital Assets and Markets, Michael Mouradian, said that Circle had been “at the center of digital currency innovation for the last decade.”
“Many of the values it holds close—trust, transparency and stability—are reflected in our ethos at Bittrex Global,” he said. “This integration enables investors to access and trade all USDC pairs, including EUROC, with no fees, giving them greater choice and better value."
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