Finally there is news of the XRP liquidity that Bittrex will add support for XRP / USD to its customers by mid-August 2018. This announcement was made on August 8 coinciding with a period in which XRP was struggling with a huge sales pressure, dropping double digits and printing the new lows of 2018.
In addition to XRP, the exchange of cryptocurrencies will offer a market similar to that of Ethereum Classic (ETC). ETC has recently been used for CoinBase customers even if retail trade has not been resumed due to liquidity. In addition to ETC and XRP, Bittrex offers USD retail options for a further six cryptocurrencies including Bitcoin, Ethereum and stable currencies such as Tether (USDT) and TrueUSD.
XRP / USD will terminate the Bitcoin domain
Taking advantage of the XRP / USD pair in the next 10 days, Bittrex wants to reduce the dominance of popular cryptocurrencies like Bitcoin (BTC) and Ether (ETH). Regardless of their intentions of dominant rupture, by matching XRP to the world's reserve currency, the USD will make it easier for customers to make direct investments in some of the world's major blockchain projects such as Ripple.
"In addition to the broader acceptance, the expansion of stock markets to the major digital currencies of our trading platform will help to limit the dominance and influence of each individual token on others. projects blockchain "
The only caveat is that the XRP / USD exchange option is available to select US states like California and Montana and verified international clients, exchange plans on The expansion of the legal market to more US states in the coming days.
More information on Bittrex
It must be clear that Seattle-based Bittrex is one of the world's leading cryptocurrant exchanges and although XRP-USD support has long been lagging behind, XRP is bound to be exposed to more customers from the United States. Bittrex is proud to be a first-rate blockchain-based trading platform, suitable for customers requiring "lightning-fast commercial execution" and giving priority to security. And in the wake of the hacks, Bittrex says that the protection of funds comes first and has employed different levels of protection and effective security technologies are in place to ward off attackers.
Bittrex was founded by three computer security engineers led by Bill Shihara, CEO Richie Lai who is Chief Information Officer and Rami Kawach, Chief Technical Officer. It is the 23 rd largest cryptocurrency exchange in the world with a daily trading volume of $ 72 million.