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OKX Officially Unveils Trading Pairs for Bitcoin and Ethereum against UST

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Woman's hand holding cryptocurrencies or Bitcoin. Concept of blockchain system crisis.

Crypto exchange OKX launches spot trading markets for Terra’s UST with bitcoin (BTC), ether (ETH), and the native tokens of Avalanche (AVAX) and Solana (SOL).

Source: OKX

BTCUSD down -0.78%, ETHUSD down -0.28%, SOLUSD up +1.22%, AVAXUSD down -3.90%

The company stated that they are listing BTC/UST, ETH/UST, SOL/UST, and AVAX/UST on the spot trading markets as they continue to develop the Terra platform.

According to the announcement, the trading pairs will be officially launched on April 1 at 6:00 UTC.

UST is one of two major tokens of the Terra ecosystem. The value of UST is pegged at 1:1 to the US dollar and is the biggest decentralized stablecoin in the crypto ecosystem with over $16B in market cap.

UST is popularly used to support the money market for lending and borrowing based on Terra. More than $8.79B in UST is restricted on Anchor.

 

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