Cryptocurrency exchange and wallet Bittrex have announced plans to launch USD trading pairs for two new cryptocurrencies. This was reported in a press release from the company..
Fiat for Ethereum Classic (ETC) and Ripple (XRP) will be available on August 20. New currency pairs will be added to earlier BTC, ETH, USDT and TrueUSD.
The platform representatives emphasized that in the future they will gradually expand the opportunities for working with USD. A phased approach is a necessary component, thanks to which users will ultimately be able to get a truly high-quality product. Bittrex believes that the expansion of trading pairs with fiat currencies will limit the dominance of one token over all instruments.
As a reminder, Bittrex was founded in 2014 by Bill Shikhara and two business partners (both worked on Amazon’s security team). In October 2017, Bittrex made the sudden decision to shut down thousands of accounts for compliance testing without first warning its users. Later in December, Bittrex temporarily stopped registering new users, citing the inability to accurately verify each account due to high demand. The exchange subsequently reopened, but with additional requirements.
In February of this year, Shikhara announced the exchange’s intention to open up US dollar trading to most of its clients. Bittrex is the 23rd largest exchange today with over $ 72 million in trade..
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text: Evgeniya Likhodey, photo: 2happy / Stockvault