Introducing ZRX, MKR, KNC, DAI and GUSD at Bitstamp with zero fees until the end of May!
[Article updated with new launch schedule on 22 February 2021]
UPDATE: We are delaying the launch of our DeFi-focused batch of assets by one week - see the updated release schedule below. The new assets may not be immediately available to our customers in the US. We will provide an update as soon as we have a definitive US release schedule.
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Over the past year, Decentralized Finance has become one of the main drivers of innovation in the crypto industry. We’ve kept a close eye on DeFi, now we’re excited to be supporting the space more directly with this (mostly) DeFi-focused batch of new cryptocurrencies!
We’ll be adding five new stablecoins and DeFi tokens to our exchange:
All of these cryptocurrencies will trade with zero fees until the end of May!
1. Transfer-only mode: Deposits and withdrawals open but trading is not enabled yet.
ZRX, MKR, KNC: Monday, 1 March
DAI, GUSD: Monday, 8 March
2. Post-only mode: You will be able to place and cancel limit orders, but they will not be matched. Therefore, no orders will actually be completed during this stage.
ZRX: Tuesday, 2 March, at 8:00 AM UTC
MKR: Wednesday, 3 March, at 8:00 AM UTC
KNC: Thursday, 4 March, at 8:00 AM UTC
DAI: Tuesday, 9 March, at 8:00 AM UTC
GUSD: Wednesday, 10 March, at 8:00 AM UTC
3. Limit-only mode: Order matching will start and trades will be executed normally. However, only limit orders will be available.
ZRX: Tuesday, 2 March, at 12:00 PM UTC
MKR: Wednesday, 3 March, at 12:00 PM UTC
KNC: Thursday, 4 March, at 12:00 PM UTC
DAI: Tuesday, 9 March, at 12:00 PM UTC
GUSD: Wednesday, 10 March, at 12:00 PM UTC
4. Full trading: Once the order books gather sufficient liquidity, we will enable all order types and card purchases for the new trading pairs as well.
Follow us on Twitter for updates on the roll out of the new trading pairs.
Log in to your Bitstamp account to start trading and get the Bitstamp mobile app to trade all of our cryptocurrencies on the go!
Here’s a full list of new trading pairs at Bitstamp:
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About ZRX:
0x (ZRX) is a decentralized exchange protocol that enables its users to trade with each other without having to rely on a middleman to validate transactions. It is built on Ethereum which makes it possible to trade any of Ethereum’s standard ERC-20 tokens. Find out more here.
About DAI:
Dai (DAI) is an Ethereum-based stablecoin which represents the value of the US dollar. It is backed by a mix of cryptocurrencies deposited into smart contracts and stabilized with the help of MKR. Find out more here .
About MKR:
Maker (MKR) is the governance token of the Maker Protocol and the MakerDAO decentralized organization. Maker’s governance is designed to keep the price of the stablecoin DAI as close to 1 USD as possible, through methods like addition of collateral types, controlling rates and ratios in the protocol. Find out more here .
About KNC:
Kyber Network (KNC) is a decentralized finance protocol aimed at providing on-chain liquidity without the need for an intermediary. It enables developers to build exchange flows such as token swaps or Ethereum-based payment systems and integrate them with third party applications. The network's native token is Kyber Network Crystal (KNC). Find out more here.
About GUSD:
Gemini dollar (GUSD) is a regulated stablecoin backed by US dollars held at State Street Bank and Trust Company and regularly audited to verify the 1:1 peg. It is an ERC-20 token built on the Ethereum Network that enables fast global transactions. Find out more here .
UPDATE: We are delaying the launch of our DeFi-focused batch of assets by one week - see the updated release schedule below. The new assets may not be immediately available to our customers in the US. We will provide an update as soon as we have a definitive US release schedule.
---
Over the past year, Decentralized Finance has become one of the main drivers of innovation in the crypto industry. We’ve kept a close eye on DeFi, now we’re excited to be supporting the space more directly with this (mostly) DeFi-focused batch of new cryptocurrencies!
We’ll be adding five new stablecoins and DeFi tokens to our exchange:
- 0x (ZRX) – an open-source protocol that enables peer-to-peer exchange of tokens
- Maker (MKR) – the governance token of the Maker protocol
- Kyber Network (KNC) – a decentralized protocol that enables instant swaps of different tokens
- Dai (DAI) – a stablecoin soft-pegged to USD through Maker Protocol’s smart contracts
- Gemini dollar (GUSD) – a regulated stablecoin backed by bank-held USD
All of these cryptocurrencies will trade with zero fees until the end of May!
1. Transfer-only mode: Deposits and withdrawals open but trading is not enabled yet.
ZRX, MKR, KNC: Monday, 1 March
DAI, GUSD: Monday, 8 March
2. Post-only mode: You will be able to place and cancel limit orders, but they will not be matched. Therefore, no orders will actually be completed during this stage.
ZRX: Tuesday, 2 March, at 8:00 AM UTC
MKR: Wednesday, 3 March, at 8:00 AM UTC
KNC: Thursday, 4 March, at 8:00 AM UTC
DAI: Tuesday, 9 March, at 8:00 AM UTC
GUSD: Wednesday, 10 March, at 8:00 AM UTC
3. Limit-only mode: Order matching will start and trades will be executed normally. However, only limit orders will be available.
ZRX: Tuesday, 2 March, at 12:00 PM UTC
MKR: Wednesday, 3 March, at 12:00 PM UTC
KNC: Thursday, 4 March, at 12:00 PM UTC
DAI: Tuesday, 9 March, at 12:00 PM UTC
GUSD: Wednesday, 10 March, at 12:00 PM UTC
4. Full trading: Once the order books gather sufficient liquidity, we will enable all order types and card purchases for the new trading pairs as well.
Follow us on Twitter for updates on the roll out of the new trading pairs.
Log in to your Bitstamp account to start trading and get the Bitstamp mobile app to trade all of our cryptocurrencies on the go!
Here’s a full list of new trading pairs at Bitstamp:
- ZRX/USD
- ZRX/EUR
- ZRX/BTC
- MKR/USD
- MKR/EUR
- MKR/BTC
- KNC/USD
- KNC/EUR
- KNC/BTC
- DAI/USD
- GUSD/USD
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About ZRX:
0x (ZRX) is a decentralized exchange protocol that enables its users to trade with each other without having to rely on a middleman to validate transactions. It is built on Ethereum which makes it possible to trade any of Ethereum’s standard ERC-20 tokens. Find out more here.
About DAI:
Dai (DAI) is an Ethereum-based stablecoin which represents the value of the US dollar. It is backed by a mix of cryptocurrencies deposited into smart contracts and stabilized with the help of MKR. Find out more here .
About MKR:
Maker (MKR) is the governance token of the Maker Protocol and the MakerDAO decentralized organization. Maker’s governance is designed to keep the price of the stablecoin DAI as close to 1 USD as possible, through methods like addition of collateral types, controlling rates and ratios in the protocol. Find out more here .
About KNC:
Kyber Network (KNC) is a decentralized finance protocol aimed at providing on-chain liquidity without the need for an intermediary. It enables developers to build exchange flows such as token swaps or Ethereum-based payment systems and integrate them with third party applications. The network's native token is Kyber Network Crystal (KNC). Find out more here.
About GUSD:
Gemini dollar (GUSD) is a regulated stablecoin backed by US dollars held at State Street Bank and Trust Company and regularly audited to verify the 1:1 peg. It is an ERC-20 token built on the Ethereum Network that enables fast global transactions. Find out more here .