On 20 August, Bittrex, one of the world's major cryptocurrant exchanges, will open up the dollar markets for XRP [XRP] and Ethereum Classic [ETC]. Both the XRP and the Ethereum Classic community have been waiting for this day since Bittrex made the announcement.
At the beginning of this month, the trading platform had announced that they would open US dollar markets for cryptocurrencies. Bittrex said that the launch of the dollar-matched coins will allow users to buy the cryptocurrency directly with the fiat currency. The main objective is to create a USD market that is only available on the platform.
Bittrex also added that they will add more dollar-matched tokens on their platform in the future. This, according to them, would provide customers with faster, safer and more convenient trading options. Furthermore, this would allow customers to access the most innovative blockchain projects.
The exchange platform currently has a total of six cryptocurrencies with the USD markets. This includes Bitcoin [BTC] Ethereum [ETH] Tether [USDT] TrueUSD [TUSD] XRP [XRP] and Ethereum Classic [ETC].
However, only eligible customers will be able to access this service. Customers from California, Washington State, New York State, or Montana can participate in USD markets. In addition, qualified international customers can also operate in the USD markets.
In addition, the platform provides customers with two services for the USD markets. The options are the only exchange in USD and the trading in USD, deposits and withdrawals. Users who opt for the "trade only" service will be allowed to negotiate cryptocurrencies only with USD pairs. Users who opt for the other service have access to all trading services for the USD pair.
If customers wish to switch from a commercial service in USD only, they are required to submit a fiat negotiation request form along with their bank details. Customers can also use multiple bank accounts to make use of these services on Bittrex.