Plutus Launches Bitcoin and Ethereum Trading on New DEX Exchange

September 20, 2018         By: Payment Week

Sept. 20th, 2018 – Today, Plutus have expanded their PlutusDEX trading platform with support for rapid Bitcoin and Ethereum trading. Members are now able to swiftly and securely deposit, trade, and withdraw Euros and cryptocurrencies.

The PlutusDEX is a purely peer-to-peer method of exchanging currencies, which means that there is no centralised storage of currencies whatsoever. Plutus never store any user balances, which means that there is no ‘vault’ to be hacked.

This exchange, coupled with the Tap & Pay app, enables Plutus users to unlock the value of their crypto to pay for anything, from high street retailers to online outlets. Users can access the platform via Plutus Tap & Pay for Android/iOS, which is already live today.

Danial Daychopan, CEO and Founder of Plutus adds “This new expansion to our trading platform will allow users to trade Bitcoin and Ethereum while taking advantage of market highs and lows. The transactions will be quick and easy, with the purchased crypto available in your account to spend all over the world.”

During the BETA programme, members of the PlutusDEX will not be charged any fees for buying cryptocurrencies. PlutusDEX facilitates fair market rates based on the current price exchange across all exchanges. This will see members making instant payments and transfers in crypto and fiat currencies for free. After the BETA stage has been completed, a tiered structure of fees will be introduced.

This new development comes shortly after Plutus announced their integration with the Single Euro Payments Area (SEPA), the new format for cross-border Euro-based bank transfers, that is heralded as the future of European banking.

The payment format is used across 34 countries and is already being adopted by major banks. Now members can transfer, convert and spend Crypto easily across Europe.

Cryptocurrencies are rapidly evolving, and this development continues Plutus’ position as one of the leaders in a global push for fintech innovation.