[ad_1]
Currency exchange service and cryptocurrency Bittrex announced the intention to launch pairs of US dollars (USD) for two new cryptocurrencies, according to an official announcement published on August 8
According to the ad, Bittrex is looking to expand its fiat markets to Ethereum Classic (ETC) and Ripple (XRP) on August 20th. The new trading pairs will be added to the markets already listed in dollars for Bitcoin (BTC), Ethereum (ETH), Tether (USDT) and TrueUSD (TUSD). [19659002] The company states that it will gradually continue to add tokens to its USD markets, using a "phased approach" for USD trading. Bittrex also explained that it requires a gradual approach to "strengthening these markets" in order to guarantee the quality of processes and systems before making them available to qualified customers. Bittrex said:
"In addition to broader acceptance, expanding the equity markets to the major digital currencies of our trading platform will help limit the dominance and influence of any token compared to other blockchain projects: a necessary evolution if we are going to free the potential benefits of blockchain for consumers and businesses. "
Bittrex was founded in 2014 by Bill Shihara and two business partners, who previously served in the team Amazon security. In February of this year, Shihara announced the intention of the exchange to open USD trading to most of its customers.
In October 2017, Bittrex suddenly decided to disable thousands of compliance review accounts without notifying users in advance. Later in December, Bittrex temporarily interrupted the registration of new users, citing the inability to accurately verify each new user due to high demand. Subsequently, the exchange opened again, but with additional requirements.
At the time of printing, Bittrex is the 23rd largest exchange with a trading volume of more than $ 72 million. According to Coinmarketcap, it has grown by 16% in the 24 hours.
[ad_2]
Source link
