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Emirex supports Bitcoin SV (BSV)
Emirex supports Bitcoin SV (BSV)
Crypto

Emirex supports Bitcoin SV (BSV)

By Marco Cavicchioli - 27 Aug 2020

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The Emirex exchange has announced that it has introduced support for Bitcoin SV (BSV) on its platform. 

The BSV/USDT and BSV/EUR exchange pairs have thus been added. At a later date, the BSV/AED exchange pair will also be added, which is the only pair that allows direct trading of BSV in the fiat currency of the United Arab Emirates, the Dirham. 

Currently, in addition to BSV, it is also possible to buy BTC, ETH and USDT on the platform. 

Emirex and Bitcoin SV

Emirex is a digital commodity exchange based in Dubai, United Arab Emirates, and it also has its own token, EMRX, placed on the market in September 2019 at $0.035, and now has a value of $0.48. 

Based in the Middle East, it is a global platform that offers clients the ability to buy and trade digital commodities within a compliant environment. 

It currently allows purchases in EUR, using Visa, MasterCard and Maestro cards, as well as SEPA transfers, but in the future it will also add USD, EUR and AED via SWIFT transfers. 

The CEO of Emirex, Grigory Rybalchenko, said:

“Our cooperation with new projects is of high importance for our business performance. Today, we welcome the engagement with Bitcoin SV. It is a great pleasure for us to list such a promising project and we are looking forward to a long-term cooperation. The Emirex team will provide high-quality service and constant support to the BSV community in order to provide a better trading experience”.

The founding president of the Bitcoin Association, Jimmy Nguyen, added:

“As demand for Bitcoin SV grows around the globe, the introduction of new trading pairs on the Emirex exchange facilitates another fiat onramp for those active in our ecosystem to buy and sell BSV. Emirex has an exciting roadmap forward with expansion planned through the Middle East, Africa and Europe – a journey that we are delighted Bitcoin SV will be a part of”.

BSV made its market debut in November 2018 at around $67 and is now worth $190. Until December 2019, its trading volumes on the exchanges were very low, but in January 2020 there was a real peak in trading due to a significant increase in value, and since then up to June 2020 the daily trading volume has remained significantly higher than previously. 

Then in July, there was a slight decline, followed by another slump in August. 

The number of daily BSV transactions, on the other hand, had already started to grow in September 2019, remaining around an average of around 500,000 transactions per day from January to April 2020. 

In May, it had increased significantly, but then returned to the same levels. 

After a remarkable peak on July 10th, there was a slight decrease, which brought the average back to around 300,000 transactions per day in recent days. 

 

Marco Cavicchioli
Marco Cavicchioli

Class 1975, Marco teaches web-technologies and is an online writer specializing in cryptocurrencies. He founded ilBitcoin.news, and his YouTube channel has more than 25 thousand subscribers.

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