VICTORIA, Seychelles, April 29, 2020 /PRNewswire/ — Overbit.com, a number one bitcoin margin alternate, has enabled deposits in USD Tether. The leveraged buying and selling platform that enables its customers to commerce cryptos, foreign exchange, and commodities utilizing bitcoin with out supply of the belongings, will likely be amplifying its supply to enchantment to a wider web of merchants. Including deposits in Tether, the corporate believes, will assist it to ascertain a management place within the area.
The significance of stablecoins for merchants
As the primary stablecoin, Tether (USDT) is the most well-liked within the cryptocurrency trade and is listed on most main spot exchanges. It has the most important market capitalisation of all stablecoins, at present at round $6.3bn making it the fourth-largest cryptocurrency.
Including a stablecoin deposits choice will give Overbit customers the power to cut back their threat, notably in occasions of excessive volatility, and maintain their belongings in Tether, essentially the most established and widely-used stablecoin.
Overbit believes that with this new function, spot merchants may have one other platform emigrate to margin buying and selling for his or her Tether deposits the place they’ll benefit from leverage as much as 100X.
CEO and founder Chieh Liu commented, “Including Tether deposits is a great transfer for Overbit and can give merchants the prospect to counter market volatility. We consider that we’ll enchantment to extra skilled and superior merchants preferring to retailer their belongings in USDT.”
Overbit analysis exhibits superior merchants favor to carry belongings in USDT
Overbit surveyed a complete of 2500+ merchants from 90 completely different international locations. In line with its findings, skilled merchants favor to carry extra of their belongings in Tether (USDT). As such, Tether (USDT) is the third hottest crypto asset for superior merchants {and professional} merchants after Bitcoin and ETH.
Along with the launch of USDT deposits, Overbit has lately revamped its platform to supply new options, comparable to cross and remoted margin, and the charges or unfold buying and selling modes.
About Overbit
Overbit is an revolutionary leveraged bitcoin buying and selling platform that enables cross-market buying and selling utilizing Bitcoin or Tether because the underlying asset and trade cryptos, forex, and commodities. Registered within the Republic of Seychelles, the corporate was based by veteran foreign exchange merchants with the imaginative and prescient of being the world market chief in crypto margin buying and selling to supply a novel and flawless person expertise.
Web site: https://www.overbit.com/ru/
Press contact:
Aziz Kenjaev
press@overbit.com
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