Dually-license forex brokerage FXOpen said it has started accepting deposits via digital currency Tether in their equivalent of USD₮ and EUR₮.
Deposits are available from a minimum of 1 USD₮ or EUR₮ with no limitation on the maximum amount. The two currencies are are the digital equivalents of US Dollar (USD) and Euro (EUR), respectively, at a rate of 1:1. They are generated using Blockchain technology.
Transfers are not subject to commission fees and take up a confirmation time of just several minutes.
In addition, FXOpen also accepts deposits in other cryptocurrencies – Bitcoin, Litecoin, Namecoin, and Ethereum.
FXOpen offers trading in forex and contracts for difference (CFDs). Through its subsidiaries the brokerage is licensed by the Australian Securities & Investments Commission (ASIC) and by the Financial Conduct Authority (FCA), UK’s financial regulatory body.