New cryptocurrency exchange has launched with a 100% cryptocurrency token, enabling users to exchange fiat currencies with the crypto-currency in real time.
In a statement, the Bitcoin Investment Trust said that it has launched its new bitcoin trading platform with a new cryptocurrency token called BTC-USD, a nod to the cryptocurrency’s recent surge in popularity.
The company said the new exchange will be powered by an advanced platform, called Blockchain, which it said will enable users to easily convert fiat currencies into bitcoin.
In the past, BTC-USDT, BTCUSD, BTC, BTC and other crypto-currencies were traded on exchanges such as Coinbase and Kraken.
“We have decided to add Bitcoin to the list of currencies we have to trade, so the crypto currency’s value will go up and down with the markets,” the company said.
BTC-CNY, BTCCNY and BTCC, the name of the new crypto-backed cryptocurrency, were all created to highlight BTC-the most popular crypto-coin.
The Bitcoin Investment Group said it plans to open more exchanges and markets for other cryptocurrencies as demand grows.
The new platform will also allow users to buy or sell bitcoins using digital currencies, and will also facilitate other cryptocurrency trading, including for fiat currencies.
The investment trust, founded in February 2018, operates as an independent investment firm and manages bitcoin and other cryptocurrencies for investors.
The announcement comes as bitcoin prices have surged and as the country continues to grapple with the country’s economic crisis.
Bitcoin surged more than 6,000% to $4,974 on Wednesday from around $3,000 at the end of May.
The cryptocurrency is up more than 1,000%.
“Bitcoin is the most valuable crypto-token, according to a recent survey by Coindesk,” the Bitcoin Investor Blog reported.
“The price of a bitcoin was up more nearly $1,500 (1,300% since May 5) in the past 24 hours, surpassing the previous record price of $1.13 billion.”