Cryptocurrency exchange Poloniex added new trading pairs with Tether, USD and USDC

Polonies adds new instruments to the list of tradable cryptocurrency assets.
The cryptocurrency market stays in red amid speculative positioning.

Tanya Abrosimova Independent Analyst

The customers of the US-based cryptocurrency exchange Poloniex now have access to seven new trading pairs with USD and Tether, according to the announcement made by the trading platform operated by Circle.

"Introducing 7 new USD Coin and Tether pairs on Poloniex! $USDC pairs: EOS/USDC, DASH/USDC, ETC/USDC $USDT pairs: BCHSV/USDT, BCHABC/USDT, GRIN/USDT, DGB/USDT $EOS - $DASH - $ETC - $BSV - $BCH - $GRIN - $DGB," the company tweeted.

Poloniex lists new coins in compliance with Circle Asset Framework that is used to access assets by several criteria, including technology, market factors, team and business model.

Earlier Poloniex added the functionality that allows users to deposit and withdraw money with their bank accounts and buy bitcoins with debit and credit cards.

Meanwhile, the cryptocurrency market stays depressed as Bitcoin (BTC) and all major altcoins nursing double-digit losses. The downside momentum is driven by technical factors and short-term speculative sentiments as in the long run the market is still moving within the bull's trend.

Author

Tanya Abrosimova

Independent Analyst

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