Frax (CURRENCY:FRAX) traded 0% lower against the US dollar during the 24-hour period ending at 16:00 PM ET on January 26th. During the last seven days, Frax has traded down 0.2% against the US dollar. One Frax coin can currently be bought for approximately $1.00 or 0.00002717 BTC on cryptocurrency exchanges. Frax has a total market capitalization of $2.62 billion and $42.53 million worth of Frax was traded on exchanges in the last 24 hours.

Here’s how related cryptocurrencies have performed during the last 24 hours:

  • Tether (USDT) traded down 0% against the dollar and now trades at $1.00 or 0.00002724 BTC.
  • XRP (XRP) traded 2.5% higher against the dollar and now trades at $0.62 or 0.00001685 BTC.
  • Polkadot (DOT) traded 1.5% lower against the dollar and now trades at $18.10 or 0.00049279 BTC.
  • Shiba Inu (SHIB) traded up 1.4% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
  • stETH (Lido) (STETH) traded flat against the dollar and now trades at $3,479.19 or 0.06807369 BTC.
  • Lido stETH (STETH) traded 2.4% higher against the dollar and now trades at $2,458.85 or 0.06694856 BTC.
  • Internet Computer (ICP) traded up 0.2% against the dollar and now trades at $19.99 or 0.00054423 BTC.
  • Bitcoin BEP2 (BTCB) traded up 0.8% against the dollar and now trades at $36,848.38 or 1.00329206 BTC.
  • Klaytn (KLAY) traded up 0.7% against the dollar and now trades at $1.22 or 0.00003312 BTC.
  • Filecoin (FIL) traded 8.3% higher against the dollar and now trades at $19.34 or 0.00052648 BTC.

About Frax

Frax launched on December 16th, 2020. Frax’s total supply is 2,627,305,403 coins. The official website for Frax is frax.finance/#welcome. Frax’s official Twitter account is @fraxfinance and its Facebook page is accessible here.

According to CryptoCompare, “Frax attempts to be the first stablecoin protocol to implement design principles of both to create a highly scalable, trustless, extremely stable, and ideologically pure on-chain money. The Frax protocol is a two token system encompassing a stablecoin, Frax (FRAX), and a governance token, Frax Shares (FXS). The protocol also has pool contracts which hold collateral (at genesis USDT and USDC). Pools can be added or removed with governance. “

Buying and Selling Frax

It is usually not possible to buy alternative cryptocurrencies such as Frax directly using US dollars. Investors seeking to trade Frax should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Changelly or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Frax using one of the exchanges listed above.

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