Dexalot EUROC/USDC Trading

Published by AVAX on

Good news! Dexalot has another new trade pair!

Dexalot listened to your feedback and is proud to list EUROC/USDC for trading on-chain with Dexalot’s central limit order book. If your use-case involves euros, the second most liquid currency in the world, you can now move in and out of positions in a value-added way by trading EUROC/USDC on the Dexalot chain without any commission fees! You can also accumulate DIP rewards at the same time by trading with the EUROC/USDC pair! #Ownyourtrade and #FXtheworld!

Dexalot continues to deliver for DeFi, presenting a trading experience that narrows spreads while increasing liquidity. Dexalot is simple to use and features easy-to-accumulate DIP rewards. Circle issued EUROC natively on Avalanche paving the way for new kinds of (FX) foreign exchange markets’ on-chain applications. Dexalot’s zero slippage, transparent and non-custodial CLOB trading with inherited fast finality continues this development as FX trading continues to come online.

“We continue to see great adoption and volume behind Circle’s USDC, and expect great feedback and usage of Euro Coin on Avalanche. DeFi continues to expand into a multi-currency, cross-border environment — delivering a trusted and fully reserved euro stablecoin like Euro Coin will greatly accelerate the adoption of instant payments and remittances to a much larger swath of the world.”

John Nahas, Vice President of Business Development at Ava Labs

Dexalot’s Head of Strategy, Berk Ozdogan (Firestorm) said recently “EUROC coming on-chain, having the ability to settle instantaneously, will actually, in my opinion, lead to prices compressing, and everyday users of euro to dollar etcetera, getting better net prices for whatever products they are using.”

He summarized the utility and advantages of EUROC:

  • It brings on potentially trillions of dollars in volume.
  • Additional activity is going to stem out of this increase because activities that could not happen on the weekends due to poor pricing and lack of settlement can now happen.
  • It generates new arbitrage opportunities.
  • It generates better pricing opportunities for institutions.

“The opportunities are endless, it is amazing that Avalanche actually pushed this as the first chain besides Ethereum…so we are extremely excited to have this opportunity and put this on Dexalot. ” Berk Ozdogan (Firestorm)

Dexalot is offering this trade-pair as a trading experiment to the community. There will be no professional market makers operating. The entire community will be participating in establishing the spread.

The Dexalot Incentive Program (DIP) has been established to reward trading by both executed volume, and how close orders are to the midpoint between the bids and offers for any given trade pair. These rewards will be distributed to trading with EUROC/USDC.

In addition, Hummingbot has established a gateway to Dexalot so you can set up a Hummingbot bot to do the trading for you, AND there are zero commission fees for your trades — This is a no-brainer.

Happy trading!

Author: Brad McFall

Editor: Dan Marcoulis

Graphics: Can Toygar

About Dexalot :

Dexalot is a revolutionary decentralized exchange bringing the traditional centralized exchange look and feel to a decentralized on-chain application. Its mission is to bring a truly inclusive and transparent environment where Dexalot users can trade crypto securely and efficiently, with no slippage or custody risk. It is built on Avalanche, the fastest smart contracts platform in the blockchain industry.

Website | Twitter | Telegram | MediumDiscord

Dexalot EUROC/USDC Trading was originally published in Dexalot on Medium, where people are continuing the conversation by highlighting and responding to this story.


Categories: DEFI_NEWS