OKX Adds ETH/BTC Pair And Lists MOODENG, NEIRO, PYUSD, EIGEN

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As a seasoned crypto investor with a penchant for staying ahead of the curve, I find OKX’s recent moves to be nothing short of impressive. The addition of the ETH/BTC pair to their Dual Investment product is a game-changer, allowing me to engage in crypto-to-crypto transactions without the hassle of conversion fees. This simplification not only makes my investment process smoother but also promises higher returns during the holding period – a win-win situation!

On October 3, 2024, OKX cryptocurrency exchange broadened its investment offerings and added new trading possibilities. They introduced the ETH/BTC pair to their Dual Investment product, as well as listing the digital currencies MOODENG, NEIRO, PYUSD, and EIGEN on the same day.

OKX Expands Portfolio with ETH/BTC Pair and New Crypto Listing

In a recent announcement, OKX introduced the ETH/BTC pairing as part of its Dual Investment product. This strategic addition allows investors to engage directly in crypto-to-crypto transactions without needing to convert their assets into stablecoins. 

This simplifies the investment process by eliminating additional conversion fees and enables investors to benefit from higher annual percentage returns during the holding period. Including this pairing underscores OKX’s commitment to providing versatile trading solutions to its users.

At the same time, OKX has broadened its perpetual futures market by adding two new meme tokens – MOODENG and NEIRO. MOODENG, modeled after Thailand’s renowned pygmy hippo, and NEIRO, named after a Shiba Inu that followed in the footsteps of the celebrated Dogecoin mascot, Kabosu, started trading today. These new listings enrich the selection on OKX and cater to the growing enthusiasm for meme coins.

Introduction of PYUSD and Enhancement of EIGEN Trading Options

On October 3 at noon UTC, OKX expanded its range of financial tools by introducing PYUSD, a fresh stablecoin that maintains a one-to-one correlation with the US dollar. This new trading pair, PYUSD/USDT, is now available, offering traders an additional means to mitigate price fluctuations in the digital currency sector. As stablecoins are vital for ensuring market stability and liquidity within the cryptocurrency realm, it’s anticipated that PYUSD will assume a prominent position on the OKX platform.

Beyond launching a new stablecoin, the cryptocurrency exchange introduced EIGEN into its continuous future market, following its recent appearance in the spot market. This integration started on October 1st, allowing traders to either buy or sell EIGEN using up to 50 times leverage. EIGEN, a protocol operating on Ethereum‘s network, offers “restaking” functionality, which allows Ethereum stakers to secure multiple applications using their assets.

Furthermore, since EigenLayer (EIGEN) has been listed on significant stock exchanges, its price indicates promising growth potential, reaching approximately $5 according to forecasts. This bullish sentiment stems from ongoing investor attention and market action, implying a potential recovery even amidst current market volatility.

Additionally, the latest additions such as the ETH/BTC Dual Investment product and recent listings form part of OKX’s strategic approach aimed at catering to market demands and improving user satisfaction.

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2024-10-03 17:21