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The USD/BTC trading pair has successfully passed the beta gates and is now considered a generally available release.
The concept of the USD/BTC trading pair is to increase the quantity of Bitcoin you hold. It is benchmarked against holding 1 Bitcoin.
Goal
If you trade in and out of Bitcoin as the US Dollar fluctuates, can you increase the quantity of Bitcoin you hold?This requires a different strategy and approach than trying to increase your USD holdings. More details are in our post Increase Your Bitcoin Quantity by Trading the USDBTC Pair.
Beta Results
The USD/BTC pair launched on July 1 and was in beta for the entire month of July. During that time:– 6 trades were issued
– Max trade was 2.51%
– Min trade was -0.72%
– Average trade was 1.20%
– Fixes were identified and deployed on July 13
– The end result was a 7.39% increase in BTC holdingsThis means instead of holding 1 BTC, an account would hold 1.07 BTC (excluding trading fees).
Full details may be found on our Trade History.
Next Steps
USD/BTC is available as a trading signal and is also eligible for Auto Trade.Based on the success and interest, Crypto-ML is exploring a USD/ETH pair with the goal of increasing your ETH holdings.
Please do let us know of any questions by replying here, via Support, or on Telegram.
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