We’re excited to announce that SFOX supports Ethereum (ETH) trading.
This move gives traders the power to buy and sell ETH directly with SFOX through its ability to trade across multiple different exchanges, and with access to 9 advanced trading algorithms.
For institutions, this means being able to access ETH liquidity from global venues and the ability to easily execute on large ETH transactions.
With Ethereum on SFOX, ETH traders can now:
- Trade both ETH/BTC and ETH/USD
- Trade across multiple exchanges (Bitstamp, Bitfinex, Coinbase and Gemini to start)
- Take advantage of SFOX’s advanced trading algorithms
Ethereum today is the second most valuable cryptocurrency in the world. Around August 2017, daily transactions with ETH surpassed those of Bitcoin — today, it sees around three times as many.
Ethereum (ETH) was originally described in a 2013 white paper written by Vitalik Buterin, a programmer and co-founder of Bitcoin Magazine. Buterin saw the potential that Bitcoin’s trust-less infrastructure could have as a platform. He built Ethereum to allow developers to more easily write programmable, trust-less contracts (“smart contracts”) and therefore create a wider variety of decentralized applications (or dApps).
The most popular form of smart contract to date has ben the ICO, or Initial Coin Offering. In an ICO, participants trade a cryptocurrency (usually ETH) for the tokens of a new project that is raising funds. In 2017 alone, $5 billion was raised through these Initial Coin Offerings, cementing Ethereum as the engine of this new economy.
We’re excited to bring Ethereum to even more cryptocurrency traders, increase its liquidity, and overall help support ETH’s mission to grow the cryptocurrency ecosystem.
How to Trade Ethereum
Starting now, SFOX users can trade both Bitcoin and USD for Ethereum (ETH/USD and ETH/BTC).
The above references an opinion and is for informational purposes only. It is not intended as and does not constitute investment advice, and is not an offer to buy or sell or a solicitation of an offer to buy or sell any cryptocurrency, security, product, service or investment. Seek a duly licensed professional for investment advice. The information provided here or in any communication containing a link to this site is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject SFOX, Inc. or its affiliates to any registration requirement within such jurisdiction or country. Neither the information, nor any opinion contained in this site constitutes a solicitation or offer by SFOX, Inc. or its affiliates to buy or sell any cryptocurrencies, securities, futures, options or other financial instruments or provide any investment advice or service.