Exchange News- FTX partnered up with BlockFi to offer a new credit line
- FTX offers trading opportunities for over 100 cryptocurrency trading pairs.
FTX a Bahamas-based centralized cryptocurrency exchange added trading pairs for Avalanche (AVAX), Tron (TRX), and Polygon (MATIC).
The whole cryptocurrency market is facing a downtrend, it lost more than 60% of its value. Result of this many exchanges paused withdrawal on crypto and removed trading pairs but the FTX exchange added trading pairs for AVAX/USDT, TRX/USDC, and MATIC/USDC.
Trading Pairs on FTX
The exchange offers trading opportunities for over 100 cryptocurrency trading pairs, including BTC/USDT, ETH/USDT, XRP/USDT, etc., in the spot market. An over-the-counter desk on the FTX platform also processes fee-free trades worth about $30 million daily.
FTX has had $370 trading volumes in the last 30 days and $3 billion volumes in lending in the last 24 hours. According to FTX, Avalanche (AVAX/USDT) traded at $17.02 with a trading volume of $15,345,732.75, and the price increased by 5.61% in the last 24 hours.
Tron (TRX/USDC) traded at $0.0640175 and the price of TRX/USDC increased by 1.63%. It has a 24 hours-trading volume of $3,970,985.56. Polygon (MATIC/USDC) traded at $0.507543 with a 24 hour trading volume of $29,629,715.42. MATIC/USDC is up by 9.12% in the last 24 hours.
On Tuesday, BlockFi CEO Zac Prince made the announcement on Twitter that they have partnered up with FTX to offer a new credit line and BlockFi has received a $250 million credit facility from FTX
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Source: https://thenewscrypto.com/ftx-added-new-trading-pairs-for-avax-matic-trx/