OKX Offering Bitcoin, Ether Trading Pairs Against Terra's UST

Spot trading for Solana’s SOL and Avalanche’s AVAX tokens against UST stablecoins will also be launched.

AccessTimeIconApr 1, 2022 at 7:47 a.m. UTC
Updated May 11, 2023 at 4:41 p.m. UTC
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Crypto exchange OKX has started offering trading pairs for Terra's UST with bitcoin (BTC), ether (ETH) and the native tokens of Solana (SOL) and Avalanche (AVAX).

  • “OKX is pleased to announce the listing of BTC/UST, ETH/UST, SOL/UST, AVAX/UST on our spot trading markets as we continue to support the development of the Terra ecosystem,” the exchange said in a statement on Friday.
  • The trading pairs will go live on Friday at 6:00 UTC, the statement said.
  • UST, alongside LUNA, is one of the two tokens of the Terra ecosystem. UST's value is pegged at 1:1 to the U.S. dollar and is the largest decentralized stablecoin in the crypto ecosystem with a market capitalization of $16 billion.
  • UST is most widely used on Anchor, a money market for lending and borrowing built on Terra. Over $8.79 billion in UST is locked on Anchor, according to data from tracking tools .

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Shaurya Malwa

Shaurya is the Deputy Managing Editor for the Data & Tokens team, focusing on decentralized finance, markets, on-chain data, and governance across all major and minor blockchains.


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