It is only a day to go before BiboxEurope exchange officially launches GBP trading pairs on its platform.
Starting Monday, October 14, 2019, the Swiss-founded financial company will start offering GBP trading pairs in a bid to expand its cryptocurrency offering. The exchange will start with Bitcoin and Ethereum—the two mainstream cryptocurrencies that enjoy the most liquidity in the market.
A section of the announcement reads:
“We are pleased to announce that two new trading pairs will be arriving on BiboxEurope at 10AM London Time on October 14, 2019 (GMT+1). Users residing in the EU area will be able to trade Bitcoin and Ethereum through our BTC/GBP and ETH/GBP orderbooks. We are devoted to bringing services that better suit our individual and institutional clients.”
The announcement comes after long deliberations in which the company has been mulling the inclusion of new pairings on its platform. In August, BiboxEurope took to its Twitter page and asked followers which fiat-crypto trading pairings they wanted on the platform.
Based on the replies, the majority of the users fell for GBP and the exchange has just decided to follow public opinion. The new pairings will add more options to meet the needs of diverse traders.
While Brexit is still a major factor at play causing economic uncertainty in the crypto market, stable values have been witnessed for some time. It’s also possible that the demand for cryptocurrency will increase following the uncertainty brought by Brexit. Earlier, BiboxEurope successfully launched ETH/EUR and BTC/EUR pairings.
In addition to the new GBP pairings, the exchange provides CHF pairs on its platform, which is no doubt an active asset against Ether and Bitcoin. The crypto pairings with GBP will draw users who are eyeing a diversified portfolio. Especially, traders who want to reduce their losses on currency trading with GBP can tap into cryptocurrency trading. Both cryptocurrency pairings and other major fiat currency pairings will exist side by side on one platform.
BiboxEurope Network is Growing
BiboxEurope is growing its network and tapping into international markets. The addition of GBP pairing will most likely increase its trading volume, even without a change in the token price.