We continue strengthening our commitment to the users and the community. We’re glad to announce the new refinements of DINNGO Exchange: introducing Paxos Standard (PAX) stablecoin trading pairs.
Starting from June 3, 2019, all the existing digital assets on DINNGO will be paired with PAX in addition to the current ETH trading option. Users can then easily and quickly trade into a stablecoin that is 100% legally backed by US Dollars.
PAX is a stablecoin developed by Paxos, a New York Trust charter company and financial institution regulated by the New York State Department of Financial Services. PAX is a digital dollar backed on a 1:1 basis by USD. PAX moves at the speed of the internet 24/7 and is designed specifically to provide cryptocurrency markets with stability and user confidence due to Paxos’ regulated status.
With the addition of stablecoin markets, we enable individuals and institutions to trade cryptocurrencies while mitigating the extreme price volatility of the market without cashing out into fiat. Furthermore, we will also provide fiat gateway to users who are interested in buying PAX with USD or redeeming their PAX to USD. By using our fiat gateway service, users can deposit US dollars from bank accounts, convert those dollars into PAX tokens and send them to DINNGO Exchange to trade crypto assets. Conversely, users can redeem PAX tokens from DINNGO Exchange to the corresponding amount of US dollars.
Sign up on DINNGO today and receive 50 DGO upon completing your registration.
Links
- Official Website: dinngo.co
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- Contact Us: support@dinngo.co
