Post
Topic
Board Marketplace (Altcoins)
Why are there not more exchanges pairing altcoins with USD (USDT/Tether)?
by
Snappeer
on 13/12/2017, 02:04:52 UTC
Hello,

I see that almost all exchange markets use Bitcoin as their base currency to be paired with altcoins. However with the recent increase in bitcoins, many smaller altcoins keep falling in value even though their USD value is the same, mainly because of the rise of bitcoin. This is a bit frustrating to trade with.

From about 20 exchange markets that I looked at, only 2 stood out.
Bittrex has over 200 altcoins which can be exchanged for bitcoin, but only 12 coins (the big ones), can be exchanged for USDT.
HitBTC does pair their altcoins with USDT, unfortunately they only support  round 60 altcoins.

Is there no demand for altcoins/USDT or how come that almost no other exchange market support to trade in return for USDT? The entire idea of USDT was to create a stable cryptocurrency that is equal to the US dollar.

In the end of the day, I have to pay my food and rent in my local currency.