Bitvavo Introduces 10 New Trading Pairs for USD Coin (USDC), Including BTC, ETH, ADA, DOGE, and SHIB

Crypto exchange Bitvavo recently announced the introduction of ten new trading pairs for USD Coin (USDC). With trading fees of 0.05% or lower, Bitvavo aims to position itself as one of the most cost-efficient platforms in the market.

Crypto exchange Bitvavo has announced the addition of ten new trading pairs for USD Coin (USDC). The move is part of Bitvavo’s strategy to become one of the most cost-efficient trading platforms in the market, with trading fees of 0.05% or less.

The new trading pairs feature some of the largest cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), Solana (SOL), and Ripple (XRP). Memecoins Dogecoin (DOGE) and Shiba Inu (SHIB) are also included in the new pairs. Additionally, there are pairs with Avalanche (AVAX), Polkadot (DOT), and the artificial intelligence (AI) project Artificial Superintelligence Alliance (FET), formerly known as Fetch.AI.

For now, the USDC pairs are only available through the ‘Pro Mode’ interface, which can be accessed on both the mobile and desktop versions of the Bitvavo website. Pro Mode enables experienced traders to optimally utilize the new pairs. However, Bitvavo is working on expanding this functionality to the general Bitvavo app, allowing a broader user base to access the new trading opportunities.

Bitvavo's announcement follows Circle, the issuer of the USDC stablecoin, becoming the first to obtain a European Markets in Crypto Assets (MiCA) license. The law, which took effect on June 30, introduces new regulations for stablecoins. Two days after its introduction, Circle became the first to receive a license under the new regulation.

With an Electronic Money Institution (EMI) license, Circle can now issue electronic money, such as dollar- and euro-based stablecoins, and offer payment services.

This license will enable Circle to expand its market share in the European Union, which has 450 million inhabitants. Before the MiCA rules came into effect, some crypto exchanges in Europe had already delisted stablecoins, including Tether's USDT. Now, Circle can legally issue USDC and EURC within the EU.

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