Crypto Exchange OKX Introduces Trading Pairs

The Seychelles-based cryptocurrency exchange OKX has begun offering trading pairs for Terra’s UST with Bitcoin (BTC), Ethereum (ETH), and native tokens of Solana (SOL), Avalanche (AVAX). On April 1, 2022, the crypto exchange giant shared an announcement on its official website stating,  “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.” CEO of OKX, Jay Hao took to Twitter to share the announcement as well. Hey #Lunatics, $UST trading pairs will be available on #OKX 🌕 Here we go! @TerraBitesPod @stablekwon https://t.co/ActT8BjHrI — Jay | OKX CEO (@Jay_OKX) April 1, 2022 Further continuing about spot trading, the firm also mentions the timings of the trading pairs going live,  “Spot trading for BTC/UST, ETH/UST, SOL/UST, AVAX/UST will start at 6:00 am UTC on Apr. 1, 2022.” Last month, as part of the ever-evolving Terra ecosystem, the OKX announced the addition of the trading pairs to its spot trading markets. These pairs include BTC/UST, ETH/UST, SOL/UST, and AVAX/UST. About TerraUSD TerraUSD (UST) is one of the two tokens that are added to the Terra ecosystem, and the other token is LUNA. Due to the fact that the value of Terra is 1:1 with respect to the US Dollar, UST become the largest decentralized stablecoin in the particular ecosystem. Additionally, UST contains a market capitalization of $16 billion. It is worth noting that the token TerraUSD is widely utilized in the money marketplace known as Anchor which is used for lending as well as borrowing. The UST locked on Anchor is more than $8.79 million. 

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