/ latest / 2018/09 / crypto-exchange-bittrex-launching-usd-markets-for-trx-and-litecoin-ltc /
Wednesday (12 September 2018), digital stock exchange based in the Member States United Bittrex has announced that it plans to launch two new pairs of dollars.
It all started on 31 May 2018 when Bittrex announced that it offered US dollar (fiat) trading for corporate customers and planned "to expand these services over time to include all qualified customers." The initial markets for fiat trading on Bittrex included Bitcoin (BTC), Tether (USDT) and TrueUSD (TUSD). Bittrex stated that he was "implementing a gradual draft to help establish quality control for new markets and to provide customers with the highest possible level of service".
At that time, Bittrex's CEO, Bill Shihara, declared:
"As an incubator and supporter of blockchain technology, Bittrex is committed to listing tokens that not only have the best business applications, but are also projects The most innovative blockchains in the world The expansion of the legal markets to the major digital currencies in our exchange should further drive the adoption of this revolutionary technology by providing customers with even more options to buy and exchange digital currencies in a secure environment, solid and reliable with high liquidity. "
On June 14, 2018, Bittrex said it was time to launch the next phase" starting to invite small groups of retail clients to participate in the USD markets ".
On 20 June 2018, he added Ethereum (ETH) to the USD (fiat) markets. And on August 8, 2018, Bittrex announced that on August 20, 2018, it would launch the USD markets for XRP and Ethereum Classic (ETC).
On August 29, 2018, the exchange announced that it would launch the USD markets for Cardano (ADA) and Zcash (ZEC) on September 5, 2018.
And today, Bittrex has made many TRON fans (TRX ) Litecoin (LTC) happy with the following announcement:
We are pulling out more USD pairs. On 17 September, we are launching the US dollar (USD) markets for TRON (TRX) and Litecoin (LTC). Eligible accounts #Bittrex created before September 4th are already enabled for trading in USD. New user or do you want to deposit / withdraw USD? Details: https://t.co/KA248OA2Bz pic.twitter.com/21xA8xZ4vm
– Bittrex (@BittrexExchange) 12 September 2018
As Bittrex has said before, it's going to keep on adding tokens / coins to its USD markets. With the addition of these two new pairs of dollars, from 17 September 2018, customers invited to participate in the launch will have access to the USD markets for BTC, ETH, USDT, TUSD, XRP, ETC, ADA, ZEC, TRX and LTC.
As to who is eligible to apply for USD trading, this is what Bittrex has said in the past:
"Current customers of Bittrex corporate and personal accounts, who reside in eligible states and regions qualified international, are able to request USD trading at this time, corporate clients can request USD trading by filling out this application form and personal account customers can apply by completing the following form. who live outside the initially approved locations, please note that more states will be added over time.With each new phase, we will continue to provide you with updates and information on how to apply for fiat trading. " Currently, the appropriate United States are Washington, California, New York and Montana.
This move by Bittrex is significant because it increases the TRX and LTC liquidity. Currently (starting at 19.00 UTC on 12 September), according to data from CryptoCompare, TRX trades at $ 0.01792, down 2.29% (in the last 24 hours) and LTC is trading at $ 51.68 , up 0.9% (in the last 24-hour period).
Featured Image Credit: Image courtesy of Bittrex