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BitForex listed VNX Gold, VNX Euro and VNX Swiss Franc
We are glad to announce that VNX Gold, VNX Euro and VNX Swiss Franc are listed on BitForex, one of the most active cryptocurrency exchanges. Now BitForex users get a new set of stable digital assets to hold or trade with.
Stablecoins are becoming increasingly popular as they provide an effective hedge against market volatility and help investors to balance their portfolios. VNX, a Liechtenstein-based company registered by the Liechtenstein Financial Market Authority (FMA), developed a range of stablecoins that can fit different needs in the digital economy.
The first European gold-backed stablecoin – VNX Gold (VNXAU) is a multichain token fully backed by physical gold that is certified by the London Bullion Market Association (LBMA). 1 VNXAU token equals 1 gram of physical gold. This token represents individual ownership of the physical gold that is stored in segregated storage in a high-security vault in Liechtenstein, a country with a stable economy with an S&P AAA rating, and a member of the EEA. Since VNX Gold tokens are linked to actual physical gold, they offer the same benefits as gold, such as store of value, protection against volatility and inflation, and high liquidity – with complete digital convenience and freedom.
VNX fiat stablecoins, VEUR and VCHF, expands investor capabilities in the crypto space by offering digital assets tied to traditional currencies. VNX Euro (VEUR) and VNX Swiss Franc (VCHF) are token referencing respective fiat currencies.
BitForex is one of the top cryptocurrency exchanges dedicated to providing users with safe, professional, and convenient digital currency trading services. The company is headquartered in Hong Kong, registered in the Republic of Seychelles in 2017 with operating teams located in Germany, Singapore and Portugal.