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OKX Offering Bitcoin, Ether Trading Pairs Against Terra's UST
Spot trading for Solana’s SOL and Avalanche’s AVAX tokens against UST stablecoins will also be launched.
Updated May 11, 2023, 4:41 p.m. Published Apr 1, 2022, 7:47 a.m.
Crypto exchange OKX has started offering trading pairs for Terra's UST with bitcoin , ether and the native tokens of Solana and .
- “OKX is pleased to announce the listing of BTC/UST, ETH/UST, SOL/UST, AVAX/UST on our spot trading markets as we continue to support the development of the Terra ecosystem,” the exchange said in a statement on Friday.
- The trading pairs will go live on Friday at 6:00 UTC, the statement said.
- UST, alongside LUNA, is one of the two tokens of the Terra ecosystem. UST's value is pegged at 1:1 to the U.S. dollar and is the largest decentralized stablecoin in the crypto ecosystem with a market capitalization of $16 billion.
- UST is most widely used on Anchor, a money market for lending and borrowing built on Terra. Over $8.79 billion in UST is locked on Anchor, according to data from tracking tools .
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