Bittrex, one of the major cryptocurrency trading platforms recently announced on Twitter, successfully launched the USD markets for Tron [TRX] and Litecoin [LTC]. Last week, the exchange platform announced the list of coins on their platform.
Bitterx's announcement on Twitter:
"Launch update: TRON (TRX) and Litecoin (LTC) were added to the USD (Fiat) markets."
#Bittrex accounts created before September 4 are trading-enabled. "
Tron's listing on the trading platform marks it as the first USD market for TRX in the United States. In this regard, Justin Sun, CEO and founder of the Tron Foundation, said:
#TRX can already be negotiated on @BittrexExchange, $USD markets, $USD / $TRX First #fiat TRX trading couple in the US Go #TRON Go #TRONICS. #TRON for the future. "
The main objective of the launch of the markets of the USD was to eliminate the dominion and the & # 39; influence of a cryptocurrency on the rest of the market. Furthermore, the exchange platform considers this as a step forward for the adoption of blockchain technology.
Currently, Bittrex has a total of 10 cryptocurrencies with pairs of dollars available for trading on their platform. This includes Bitcoin [BTC] Ethereum [ETH] Cardan [ADA] XRP, Tether [USDT] TrueUSD [TUSD] Ethereum Classic [ETC] ZCash [ZEC] Litecoin [LTC] and Tron [TRX].
The platform initially opened the USD markets for XRP and Ethereum Classic. Following this, the exchange platform has launched USD pairs for Cardano [ADA] and ZCash.
During the initial announcement of the launch of the USD markets, the exchange platform stated that pairs will be available to customers using their corporate and personal accounts. However, this service is available to customers only from California, Washington State, Montana and international customers who are qualified to participate in the market.
In addition, customers are required to complete a form and get approved by the exchange platform to start using the service. Customers are also offered two options to participate in the USD markets. This includes "trading only in USD" and "trading, deposits and withdrawals in USD".
By opting for the USD-only trading service, customers will only have access to trade in the USD market along with their respective coins on the platform. Considering that, by opting for the trading service, deposit and withdrawals in USD, customers will have access to all trading services in the USD market for their respective currencies. If a user wishes to convert from "Trade-only service" to "Trading, depositing and withdrawal services in USD", he can do so by sending a fiat trading form to the platform.
According to CoinMarketCap, at the time of the press, Tron [TRX] was trading at $ 0.018 with a market capitalization of $ 1.22 billion and plunged by more than 6% in the last 24 hours in the market.
Litecoin [LTC] traded at $ 51 with a market capitalization of $ 3.02 billion and plunged by more than 9% in the last 24 hours on the market.