CEX.IO Announced New Listings & Fiat Payment Methods

CEX.IO Announced New Listings & Fiat Payment Methods

Exchange platform CEX.io have announced two their intention to list two new trading options for users, Tron (TRX) and BitTorrent (BTT), as well as outlined plans to make fiat deposits cheaper and more convenient.

The last two months at CEX have been filled with updates and major changes across their mobile and desktop site. Most notably, last week they announced their intention to expand into new horizons in the US, a major advancement for the company. Today, they have improved their service even more so with updates to their trade listings and the fiat payment methods.

New Listings

Traders at CEX will have to learn about the incorporation of two major interlinked cryptos now becoming available on the platform. Tron (TRX) and BitTorrent (BTT). No doubt, avid members of the crypto community reading this will already have a base knowledge about at least one of these coins, if not both, as they are gaining serious traction in the industry.

The former of these two coins, Tron (TRX) has a focus on throughput and scalability and has grown over the last two years since its conception to be one of the largest coins in terms of market capitalisation. It was formally an ERC20 before developing into its own mainnet last year. Operating via Delegated Proof of Stake (DPoS), it can offer 2,000 transactions per second and can accommodate for a large number of users who can transfer existing projects onto the platform and benefit from its large base.

While the latter, BitTorrent (BTT), is very much a new concept in crypto. They only launched earlier this year by connecting itself to the TRON blockchain, but already growing rapidly in terms of market cap. The focus of BitTorrent is to be used by creators, to offer faster files and more rewarding content creation, as a TRC-10 utility token. Already, BitTorrent has more than 100 million active users from 138 countries.

As you can see these are two assets with heaps of potential on offer for both traders and users looking to benefit from their blockchain functionality.

Improved Fiat Deposit Methods

The second update to their service sees the firm launch terms and options for users to deposit and withdraw via fiat currencies. While these will benefit different users from different regions, but most importantly will mean reduced fees for users. These new updates, due to be implemented tomorrow (11th July, 2019) on Swift and ACH, SEPA, and FasterPayments.

Those who use Swift will see a decreased minimum deposit and withdrawal limits from 1000 USD/EUR/GBP to 300 USD/EUR/GBP and lower withdrawal commission by 1% down to 0.3%. While the ACH withdrawal commission will go down 1%, SEPA withdrawal commission will become €1 and Faster Payments withdrawal commission will drop by 0.2%, with all three of these withdrawals becoming free to the user too. All of which, makes for a much more inexpensive fiat experience for users.

With all these updates to their service alongside the other updates and expansion penned for the very near future, there has now not been a more exciting time than ever before to get involved at CEX.io

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