Decentralized cryptocurrency exchange Bitsquare has added Mycelium tokens among many other altcoins and trading pairs in its v0.4.9.3 update, which featured significant improvement in trade limits and user-focused functionalities.
Fifteen new altcoins and trading pairs were added as a core part of the update, including Steem Dollars, STEEM-USD, BTC-CNY, BTC-EUR, BTC-CHF, BTC-GBP, and BTC-AUD. The bitcoin-to-fiat trading pairs were long awaited by the bitcoin community and by traders that have been exploring alternative platforms to trade cryptocurrencies after the recent Bitfinex hack.
The update also featured increased trade limits (Altcoins: 2BTC, Banks: 1 BTC, Others: 1.5 BTC), which enables traders and investors to purchase and sell bitcoin and other altcoins for fiat currencies with ease, without having to deal with minimum trading limits previously established by Bitsquare.
With Bitfinex, a major bitcoin trading platform, experiencing a serious security breach due to its vulnerabilities caused by the centralization of the trading platform, users are attempting to migrate from existing centralized trading platforms and exchanges to decentralized bitcoin exchanges like Bitsquare.
Previously, users had several concerns in using the Bitsquare platform, and one of the major problems were the execution of cryptocurrency-to-fiat trade orders. The new update and