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BitBay Offers Ethereum Trading Against Fiat And Bitcoin

Avatar newsbtc 3 years ago

BitBay is on a mission to bring not only Bitcoin, but also Ethereum trading to Poland. Thanks to a variety of trading markets, users can trade ETH against PLN, Bitcoin, EUR, and US Dollar. All in all, this seems to be very positive news for Ethereum, as the Ether token becomes more widely available.

Also read: Ethereum Price Technical Analysis 04/07/2016 – 100 MA As Resistance

BitBay Offers Ethereum Trading In Poland

Even though it is rather easy and somewhat convenient to trade Ethereum across the major exchanges already, it is always good to see more localized platforms expand their business. In the case of BitBay, a Polish digital currency exchange, the addition of Ethereum will hopefully help put them on the map in their country, as well as other regions around the world.

As of a few days ago, Ethereum enthusiasts can trade Ether against various fiat and digital currencies. BitBay offers Ethereum trading markets for Bitcoin, EUR, PLN, and USD, which should attract traders from all over the world. The company is also the very first exchange platform in the Poland region to offer Ethereum trading to its users as well.

It comes as no surprise to see various digital currency exchanges around the world taking a closer look at Ethereum, as the Ether token has attracted a lot of attention in recent months. Moreover, the token’s value has increased spectacularly, and traders from all over the world are looking to exchange between fiat currency and Ethereum.

Keeping in mind how Ethereum is the second largest digital currency in the world – based on their market cap – it is only normal to see BitBay expand their trading markets and offer ETH support. As users can use three main fiat currencies, as well as Bitcoin, to buy Ethereum, it remains to be seen how this decision will affect the platform’s trading volume.

It is interesting to note how some of the lesser-known digital currency regions are among the first to add Ethereum to their local exchange offerings. After Korbit in Korea, and Coincheck in Japan, BitBay is the first Polish exchange to offer trading support for Ethereum. Bitfinex, one of the world’s largest Bitcoin exchanges, eventually gave in to adding Ethereum as well, due to overwhelming customer demand.

Despite all of the excitement surrounding Ethereum and its ecosystem, it remains to be seen whether or not this positive trend can continue. Bitcoin has been around for seven years and became the undisputed market leader in the world of digital currencies. Ethereum has a lot to live up to, and it is not the first time an alternative digital currency gains a lot of steam before trailing off later on.

Source; Press Release Via Email

Header image courtesy of BitBay

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