Tether Available for Trading on LGO

Place/Date: - May 19th, 2020 at 12:30 pm UTC · 2 min read
Contact: LGO, Source: LGO

Institutions and professional clients can now trade Tether on LGO. The USDT-USD trading pair is available for trading on the LGO spot exchange.

We have implemented USDT trading following a surge in trading requests from our close to 60 counterparties in 20 different countries. Not only does this listing open the way to interesting use cases to our current clients, it also broadens the scope of clients that can use our platform.

USDT is the most widely traded cryptocurrency in the world – it surpasses BTC trading by $10bn per day. It is widely traded and accepted around the world, especially in emerging markets in Asia and South America. In these countries, USDT is used as a stable conduit for cross-border payments and remittance flow.

Yet, it has historically been difficult to trade USDT to USD with top-tier liquidity and low market impact on cryptocurrency exchanges. By opening a USDT-USD order book, we are looking to offer professional clients the most liquid and transparent market on Tether.

There are now three trading pairs available for trading on the LGO spot exchange: BTCUSD, USDTUSD, and LGOUSD.

LGO offers three categories of services on digital assets for professional traders and investors: Spot Exchange Trading – OTC Trading – Financing and Lending.

If you are interested in opening an account, please fill out our pre-onboarding questionnaire.

About LGO

LGO is the leading Bitcoin spot exchange for institutions. Live since April 2019, we are trusted by over 60 institutional counterparties across 20 countries. With a boutique approach, we provide a suite of fully customizable services, best in class technology, and deep liquidity. Please contact us here.