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VNX Brings First CHF-Backed stablecoin to Cube.Exchange. Cube.Exchange introduces VCHF and VEUR
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VNX and crypto trading platform Cube.Exchange have announced a groundbreaking partnership that introduces VCHF, the first CHF fiat referencing token on the venue, alongside the EUR fiat referencing token, VEUR.
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VEUR and VCHF are being launched on Cube.Exchange with the following trading pairs on the Solana blockchain: VCHF/USDC and VEUR/USDC. Moreover, due to the exchange’s special feature allowing hybrid trading, it is also possible to trade SOL/VCHF, BTC/VCHF, ETH/VCHF, SOL/VEUR, BTC/VEUR, and ETH/VEUR. This adds flexibility and enhances your trading options beyond the standard pairs.
The introduction of VCHF as the first CHF fiat referencing token on Cube.Exchange, along with VEUR, improves liquidity and offers more trading options for users. The addition of VCHF and VEUR on Solana ensures swift, cost-efficient transactions, thereby supporting a more dynamic and inclusive financial ecosystem. This partnership underscores a shared commitment to innovation and stability in the digital asset market.
Cube.Exchange, known for its innovative hybrid model, blends the benefits of both centralized and decentralized finance (DeFi). This approach ensures fast matching and execution, as well as providing an extra layer of security for user funds, making it among the most trusted platforms for digital asset trading. A standout feature is the Cube.Exchange’s off-chain order matching and on-chain settlement. This allows users to trade assets more seamlessly. The matching engine was built on a Solana, which enables high throughput and low transaction costs, further enhancing the efficiency and speed of execution, making it an ideal choice for these stablecoin pairs.
VNX users will enjoy broader access to the trading options on the exchange that stands out by merging traditional financial stability with Web3 innovation, challenging the norms of traditional crypto exchanges. It also aligns perfectly with VNX’s mission to provide secure, reliable, and forward-thinking financial solutions, enhancing the overall user experience and expanding opportunities for traders.
This partnership offers VNX users a unique trading experience that stands out in the market. Cube’s platform enhances security and efficiency, delivering a superior alternative to existing trading options.
Alexander Tkachenko, CEO & Founder of VNX
We’re excited to list VCHF and VEUR. These stablecoins from VNX bring valuable stability and diversity to our platform, and enable our European community to seamlessly trade in their native currencies.
Bartosz Lipinski, Cube CEO
About VNX:
VNX (vnx.io) is a digital platform for tokenizing RWA licensed by the Liechtenstein Financial Market Authority (FMA). VNX generates stablecoins referencing two most popular European fiat currencies – VNX Euro (VEUR) and VNX Swiss Franc (VCHF) that combine advantages of traditional fiat currencies with the convenience of crypto, enabling quick, low cost and 24/7 accessible cross-border payments and opening vast DeFi opportunities with stable assets. VNX has also presented the first European gold-backed token – VNX Gold (VNXAU) that represents individual ownership of physical gold. VNX Gold provides the same benefits as investment in physical gold, such as store of value, protection against volatility and inflation, and high liquidity – with complete digital convenience and freedom. VNX tokens are multichain and currently available on Ethereum, Polygon, Avalanche, Solana, Stellar and Q blockchains, with more to come.
VNX EUR (VEUR) and VNX CHF (VCHF) stablecoins are also available for deposit, withdrawal, and custody on the Solana blockchain at Sygnum, a global digital asset banking group.
VNX publishes independent auditors’ reports that confirm the value of reserves supporting the tokens on a regular basis as well as useful information about tokens in the VNX Transparency section on its official website.
Cube.Exchange is a hybrid trading platform fusing TradFi with blockchain technology. The founding team includes traditional and digital asset finance professionals with a vision to create a regulatory-compliant venue for traders of all types and sizes. Cube is powered by best-in-class technology that aims to protect users from founder risk while also changing how they interact with their assets and providing an institutional quality trading experience.
Disclaimer: The content and materials referred to herein are for your information only and are not intended to address your particular personal requirements. The information does not constitute financial advice or recommendation and should not be considered as such. It also shall not be considered as investment, tax or legal advice or the recommendation to sell, or a solicitation to buy or invest in any investment product, vehicle, service or instrument. Digital assets’ trading markets are volatile and can change quickly.