FXGate, a global leader in Forex and CFD investing has recently announced it is now accepting deposits via Tether (USDT), the first Bitcoinbased, fiatpegged stable cryptocurrency built on the blockchain.
FXGate is one of the first global brokerages to accept deposits via cryptocurrencies to trade Forex, Precious Metals, Energies and Indices. Each tether issued is backed by the equivalent amount of a fiat currency unit (i.e. one Tether USDT is one US dollar). Clients will be able to send, receive and store the 1-to-1 pegged digital currency across exchanges, trading platforms, and wallets.
Chairman Ahmed Alfaraj from FXGate said: “FXGate is one of the only Forex brokers in the world currently accepting deposits in a cryptocurrency format. We opted for USDT because it is one of the most stable cryptocurrencies and has similar properties as the US Dollar. Our solid banking relationships, stringent compliance practices, and a comprehensive legal structure allows us to consistently be at the forefront of market developments and…