BiboxEurope Continues Expansion with GBP Pairings Coming Next Week
BiboxEurope offers new sources of liquidity by preparing for fully legalized fiat pairings with the British pound.
BiboxEuropewill start offering pairs with the British pound starting next Monday. The first pairings will be with the most liquid coins, Bitcoin (BTC) and Ethereum (ETH). The launch date of October 14 was chosen after long deliberation, along with research on public requirements.
The GBP was a favorite in a social media vote this August.
https://twitter.com/Bibox365/status/1161247463442747393
Despite Brexit, using the British pound is well-established on the European market, with support from multiple banks. GBP has fallen toward 1.11 EUR, and the uncertainty of Brexit may add to the demand for digital coins, to offset some of the losses.
The addition of the GBP pairing follows the success of the BTC/EUR and ETH/EUR pairings. BiboxEurope saw a significant interest for the fiat on-ramp. Now, the fiat-to-crypto exchange has achieved another important milestone on its path to a complete fiat gateway. BiboxEurope already offers CHF pairs, trading one of the most active fiat assets against BTC and ETH.
The Bibox international exchange lines up with top markets, continually growing its volumes. As of October 10, the market carried more than $682 in volumes, on the 184 crypto-to-crypto pairs listed through CoinMarketCap.
The Bibox token (BIX) trades around $0.15, making robust volumes of above $1.5 million per day in the pairing with ETH. BIX also sees a bit under $1 million in volumes each day in the BTC and USDT pairings. BTC is still the strongest pair on Bibox, but ETH is revving up its engines, as the token gained importance in the past quarter.
Bibox is one of the exchanges that adopted the CoinMarketCap transparency initiative, with clear reporting of real trading activity and site visits. The exchange boosted its presence with highly liquid markets, making use of the inflow of the USDT stablecoin.
BiboxEurope is on a mission to expand its presence on the European markets, where favorable regulations allow for building a solid fiat on-ramp. The exchange achieved multiple moves, including a recently launched referral program to boost its user base in Europe. The referral program is running until the end of October, offering up to 80% return rate.
BiboxEurope also featured prominently on the Blockchain Live conference in London, and presented its growing portfolio at the Delta Summit in Malta.