Koinex adds Tether on its Exchange and Express

Just a few hours after announcing the launch of its third product – The First Block – under the new Delta Framework, Koinex surprised everyone with the launch of the stablecoin Tether (USDT) on its platform. The exchange tweeted that USDT will be added on both its exchange and the newly launched crypto converter, Koinex Express.

It is notable that Koinex added USDT on its platform after such a long time. The exchange clearly prefers TrueUSD (TUSD) as the stablecoin of choice on its platform, and recently introduced major changes which gave TUSD a more central role on its exchange. USDT may have been introduced considering the liquidity it will bring to the platform being the most popular stablecoin in the world. In addition, Koinex Express will provide a very easy avenue for users to switch between USDT and other cryptos and vice-versa.

The deposits for USDT are already live, and trading along with instant crypto conversion is expected to be offered soon.