HBTC will list FXS/USDT aggregate trading pairs at 17:05, 18 February 2021 (UTC +8).
FXS/USDT is an aggregated trading pair, the deposits & withdrawals will not be supported. Should there be further progress on supporting the FXS wallet, HBTC will notify its community via an announcement.
About FXS (Frax Share)
Frax is a fractional algorithmic stablecoin partially backed by collateral and partially stabilized algorithmically. The Frax Share token (FXS) is the non-stable, governance token of the Frax protocol that grants holders governance rights to add/adjust collateral pools, set minting/redemption fees, and to change the refresh rate of the collateralization ratio.
What is Aggregate Trading Pair?
When a user buys and/or sells currencies on HBTC, our Aggregate trading system will automatically place the same buy and/or sell order on other exchanges. Therefore, our user is assured that the assets purchased through this process are all real assets in full reserves. Aggregate trading is commonly used in the trading industry. The purpose of HBTC aggregate trading is mainly to provide our users with access to new and popular assets.
HBTC aggregate trading system uses a local and an external order matching mechanism with transaction speed and user experience that are similar to that of placing an order on other trading pairs on HBTC. HBTC will evaluate the holding amount of these aggregate trading tokens later and consider to dock with the project wallets for these projects with a large holding amount, to meet the deposit and withdrawal requirements of users.
Digital Asset Trading can be a challenging and potentially profitable opportunity for investors. Users are strongly encouraged to carefully consider their investment objectives, level of experience, and risk appetite.
18 February 2021