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18 Oct Bitfinex to Launch CNHt/USD Trading Pair
in Media Releases
ROAD TOWN, Tortola, British Virgin Islands – 18 October 2024 — Bitfinex (https://www.bitfinex.com/), a leading digital asset trading platform, announced today the listing of a new trading pair: CNHt/USD. This new pair allows users to trade CNHt, a Tether token linked to the offshore Chinese Yuan, against the U.S. Dollar. As a stablecoin, CNHt offers a secure and decentralised way to exchange value, using CNH as a familiar accounting unit.
“We’re excited to introduce the CNHt/USD trading pair, enhancing the options available for customers to manage currency exposure and trade on the Bitfinex platform,” said Henry Child, Head of Tokens at Bitfinex. “This listing is part of our broader mission to support robust and decentralised financial solutions.”
CNHt offers individuals and organisations a reliable method of exchanging value in the form of a digital token while still maintaining a stable peg to fiat currency. This pairing adds another avenue for users to hedge risk and leverage stable assets within the Bitfinex ecosystem.
Trading of CNHt/USD is planned to commence at approximately 10:00 AM UTC on 22 October 2024, contingent upon liquidity requirements being met.
To obtain access to the CNHt/USD spot trading pair on Bitfinex, customers can visit https://www.bitfinex.com/.
*All users of www.bitfinex.com are subject to Bitfinex’s terms of service (“TOS”). Please note that U.S. persons (as defined in the TOS), among other prohibited persons (as defined in the TOS), are strictly prohibited from directly or indirectly holding, owning or operating an Account (as defined in the TOS) on www.bitfinex.com.
About Bitfinex
Founded in 2012, Bitfinex is a digital token trading platform offering state-of-the-art services for traders and global liquidity providers. In addition to a suite of advanced trading features and charting tools, Bitfinex provides access to peer-to-peer financing, an OTC market and margin trading for a wide selection of digital tokens. Bitfinex’s strategy focuses on providing unparalleled support, tools, and innovation for experienced traders and liquidity providers around the world. Visit www.bitfinex.com to learn more.
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