Garantex cryptocurrency exchange announced its entry into the Ukrainian market and added the option to buy BTC and USDT using the Ukrainian hryvnia.
The appearance of two new trading pairs-BTC/UAH and USDT/UAH will allow residents of Ukraine to make transactions using the national currency.
According to statistics, in 2019, the volume of BTC trades on P2P platforms Ukraine exceeded 4,000 BTC. Currently The Ministry of digital transformation is discussing a bill designed to remove cryptocurrencies from the”gray zone”. According to the document, bitcoin will be considered unsecured assets, and the turnover of cryptocurrencies will acquire a legal status.
“The cryptocurrency market in Ukraine has a great potential, we see a huge interest in the latest financial assets from users from Ukraine. In response to this interest, we decided to list two trading pairs, where one of the currencies is the hryvnia. This way we will save Ukrainian garantex customers from having to exchange hryvnia for dollars to buy cryptocurrencies, ” said Sergey Mendeleev, founder of the Garantex exchange.
Garantex offers to buy and sell cryptocurrencies for national currency units without the need to convert funds into dollars, as it happens on other trading platforms. Minimum commissions will be applied to transactions for the Deposit and withdrawal of Fiat money in the Ukrainian hryvnia, which will soon be canceled. Cash withdrawal is available to Bank cards.