U.S. Crypto Exchange Bittrex Rolls Out OTC Trading Desk Supporting Nearly 200 Cryptos

CoinSpeaker

U.S. Crypto Exchange Bittrex Rolls Out OTC Trading Desk Supporting Nearly 200 Cryptos

U.S. cryptocurrency exchange Bittrex has announced the launch of its over-the-counter trading desk that will facilitate trading between two parties.

U.S. Crypto Exchange Bittrex Rolls Out OTC Trading Desk Supporting Nearly 200 Cryptos

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Source: CoinSpeaker

Upcoming Ethereum Constantinople Hard Fork Already Backed by 19 Exchanges Worldwide

CoinSpeaker

Upcoming Ethereum Constantinople Hard Fork Already Backed by 19 Exchanges Worldwide

Ethereum is preparing for its next milestone – Constantinople hard fork. The launch is planned in four stages: Frontier (beta stage to develop and test dapps), Homestead (to stabilize the platform), Metropolis (ongoing) and Serenity (upcoming).

Upcoming Ethereum Constantinople Hard Fork Already Backed by 19 Exchanges Worldwide

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Source: CoinSpeaker

Bittrex kick-started Stablecoin Market to Support USD trading, Deposit, and Withdrawals

The year 2019 for the crypto market has begun with a hitch after experiencing slight losses on the new year’s eve. At the moment, all major cryptocurrencies are thriving an upward graph. Meantime, one of the largest cryptocurrency exchange, Bittrex is all set to kick-start a US dollar market for stable USD (USDS) trading today, on January 03, 2019.
An official announcement by Bittrex exchange;

ICYMI – We’re launching a US dollar (USD) market for Stable USD (USDS) tomorrow. More USD market details here: https://t.co/VEZA7L3rb6 #Bittrex #Fiat pic.twitter.com/Vtl0a6r2Xc
— Bittrex (@BittrexExchange) January 3, 2019

US dollar (USD) market for Stable USD (USDS)
However, the latest update to launch USD market was announced on December 06, 2018 on Bittrex’s official website and today the platform is finally initiating it. Effective from January 03, Bittex exchange enables USD trading, deposits, and withdrawals. Beside US residents, those who are operating personal and corporate trading outside the US territory are also allowed to participate in its stabelcoin market. A note from the statement;
Identity verified (personal or corporate) customers operating outside the United States or in one the following US states/territories are eligible to participate:
States including Alabama, Alaska, Arizona, Arkansas, California, Colorado, Florida, Georgia, Indiana, Iowa, Kansas, Kentucky, Maine, Maryland, Massachusetts, Missouri, Mississippi, Michigan, Montana, New Hampshire, New Mexico, New York, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, South Dakota, Texas, Utah, Washington State, Washington, D.C., Wisconsin, and West Virginia are eligible to participate.
And those living in a state or location that is not recognized under the United State as a territory are still open to participating in Bittrex’s USDT (Tether) and crypto markets, noting that;
We will be adding more states eligible for USD soon.
To begin with the fiat trading, the exchange is limiting the number of trading pairs but ensures to add few more in near future.
We’re starting with a limited number of pairs to evaluate our systems and processes, and our plan is to continue to add fiat trading to the top digital currencies on our platform. We’re reviewing the blockchain projects we already list, listening to our customers’ trading preferences and taking other important considerations into account as we decide which USD trading pairs will be next for fiat.
Stably (USDS) and Bittrex Exchange
Headquartered in Seattle, Washington, Bittrex is one of the largest US cryptocurrency exchange, currently having the total market cap of $33,933,345 USD. Bittrex exchange is the first amongst the US trading platforms, that is listing USDS stablecoin.
USDS or often referred as ‘Stably’ is one of the stablecoin, pegged by USD in the ratio of 1 USDS = $1 USD. As officially noted;
USDS is a stablecoin designed to be pegged one-to-one with USD (1 USDS = $1 USD). This ratio is guaranteed whenever you want to purchase or redeem USDS directly with Stably because Stably holds a one-to-one reserve of USD against all issued USDS in the market.
You can find more about the Bittrex’s USD market here – Bittex Fiat trading
The post Bittrex kick-started Stablecoin Market to Support USD trading, Deposit, and Withdrawals appeared first on Coingape.
Source: CoinGape

CoinSwitch: Best Market Rates in a Single Place

CoinSpeaker

CoinSwitch: Best Market Rates in a Single Place

With a view to make the crypto space more user-friendly, CoinSwitch helps to convert 400+ currencies across 45,000 pairings within one service.

CoinSwitch: Best Market Rates in a Single Place

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Source: CoinSpeaker

Bitmain Crypto Index Launches For Crypto Investors

CoinSpeaker

Bitmain Crypto Index Launches For Crypto Investors

Mining giant Bitmain has just launched a new cryptocurrency index. The index is for investors who are interested in having a benchmark for their investments.

Bitmain Crypto Index Launches For Crypto Investors

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Source: CoinSpeaker

Bitcoin Cash [BCH] SV should be seen as a high-risk investment, says Kraken; Bittrex follows suit

On November 19, Kraken, a popular cryptocurrency exchange, released a statement regarding the ongoing Bitcoin Cash [BCH] hard fork. The fork, which has been led by two parties on the BCH network, has resulted in the formation of two tokens: Bitcoin Cash ABC and Bitcoin Cash SV.
The ABC implementation of the BCH network has been substantially more popular among major players in the industry like Vitalik Buterin, the co-founder of Ethereum [ETH], and Charlie Lee, the founder of Litecoin [LTC]. Kraken too has somewhat distanced itself from the Satoshi Vision implementation as evidenced by the circular released by the exchange.
Kraken has gone ahead and stated that they will support Bitcoin SV on the exchange, but has given a warning along with it. The circular stated:
“Bitcoin SV does NOT meet Kraken’s usual listing requirements. It should be seen as an extremely high risk investment. There are many red flags that traders should be aware of.’
The Kraken team has also said that when it comes to the SV implementation, no known wallets support replay protection. They have also said that the miners on the SV network are “apparently subsidized or are operating at a loss”. The exchange has also admitted that they had done only very minimal code review when it came to the SV network.
The exchange has reiterated multiple times about the lack of safety on the SV network and has put the onus on the users if they want to deal with the repercussions. Kraken stated:
“You should always consider the available liquidity when trading in any market and manage this risk accordingly. But the liquidity of a newly listed asset may be very low, so caution is especially warranted. Be extremely careful with market orders and orders that trigger market orders (e.g. stop loss). To be safe, we recommend the use of limit orders to help ensure that your orders don’t get filled at unexpected prices.”
Bittrex, another popular cryptocurrency exchange, was also dealing with the BCH hard fork, and said that Bitcoin SV deposits and withdrawals were open for users. Even Bittrex has asked users to tread with caution while sending BCH/SV as there is no replay protection.
The post Bitcoin Cash [BCH] SV should be seen as a high-risk investment, says Kraken; Bittrex follows suit appeared first on AMBCrypto.
Source: AMB Crypto

$5 million worth Bitcoin [BTC] stolen from Bitmain’s Binance custodial wallet; transferred to Bittrex

Bitmain, one of the largest Bitcoin mining company and the biggest ASIC chip producer in the world, has requested a jury trial at the United States District Court Western District of Washington at Seattle. This is in correlation with the Bitcoin [BTC] funds stolen from Bitmain’s Binance wallet.
According to the lawsuit, over 617 BTC [approximately] was stolen from the wallet in April 2018, when the price of Bitcoin was close to $8,935. The mining company has not yet identified the perpetrator, and addressed the hacker as John Doe in the lawsuit.
The Bitcoin mining company has alleged the hacker of purposely and intentionally accessing “a protected computer without authorization”, with the intention of gaining access to Bitmain’s Binance wallet. This action has resulted in the company incurring a loss of over $5 million.
The lawsuit also stated:
“As part of the scheme to fraud and theft, John Doe also knowingly transferred the Bitcoin he/she stole from Bitmain’s custodial wallet to an account on the Bittrex Seattle-based trading platform. John Doe’s unauthorized access and scheme to defraud was across state lines and accomplished using the Internet, which is used in interstate and foreign commerce and communications.”
Bitmain further accused the perpetrator of converting the stolen Bitcoins to MANA tokens and other cryptocurrencies at an inflated price, through Bitmain’s wallet. However, the market size of MANA was too small for the hacker to inflate the price of the token. This led to the conversion of the Bitcoins to Ethereum, which was later on used to buy the token.
Events of the hack | Source: Scribd
It is also reported that the perpetrator controlled both sides of the trade of MANA at a deflated rate, selling through Bitmain’s wallet and purchasing through a different account on Binance.
Binance wallet | Source: Scribd
Bitmain claimed:
“Through his unauthorized access to Bitmain’s digital wallet and market manipulations, John Doe was able to transfer or “sell” that MANA into Bitmain’s digital wallet at an artificially inflated set of prices that range between approximately $0.1997 and $033953 per MANA. This represented a 70 to 192 percent increase over the market rate that MANA had been trading”
They further stated:
“He/she transferred that BTC out of the John Doe’s Binance wallet and ultimately into a digital wallet on the Bittrex cryptocurrency trading platform.”
The post $5 million worth Bitcoin [BTC] stolen from Bitmain’s Binance custodial wallet; transferred to Bittrex appeared first on AMBCrypto.
Source: AMB Crypto

Bittrex International launches trading platform, will function under a twelve-month period granted by the VFA Act

Bittrex International, recently launched by Bittrex, a US-based blockchain platform recently announced that the digital trading platform would feature a streamlined token approval process in order to provide better trading options for qualified international customers.
The trading platform which was previously known as Bittrex Malta stated in an official report that they would start a brief evaluation period over the coming weeks to ensure optimal operations for its users.
The platform also stated that the streamlined token approval process could be completed within weeks as opposed to the earlier process which used to take months of time. Furthermore, the new listing process will ensure that token teams will get access to the platform’s network of international exchange partners.
All the tokens including the current and new tokens listed on Bittrex.com will be listed on Bittrex International and the platform will ensure that the regional regulatory environment is not affected.
CEO of Bittrex, Bill Shihara stated that Bittrex International was very efficient in the token listing process. In addition, the secure and advanced trading platform technology of Bittrex International will enable innovative blockchain projects to its customers very quickly. He added:
“We are committed to being a driving force in the blockchain revolution by increasing adoption of this innovative technology around the world.”
Bittrex’s standard initial review process has been established to evaluate the authenticity and quality of the token. After the initial review, qualified projects will be directed to adhere to the process described by the Malta Virtual Financial Assets Act.
Furthermore, Bittrex International will concentrate on working within the regulatory structure which has been established by the Government of Malta and the European Union. Additionally, they will abide by the Malta Virtual Financial Assets Act, also known as the VFA Act.
The trading platform will supposedly act under a twelve-month period granted by the VFA Act and will further become a regulated exchange platform by applying in the Malta Financial Services Authority who is the only regulator for financial service projects in Malta.
The post Bittrex International launches trading platform, will function under a twelve-month period granted by the VFA Act appeared first on AMBCrypto.
Source: AMB Crypto

Tron [TRX] takes another step towards mass adoption with USD markets on Bittrex

Bittrex, one of the leading cryptocurrency exchange platform around the globe, announced that they will be opening USD market for Tron [TRX], one of the leading cryptocurrency in the market. The USD pair will be launched on the platform on 17th September 2018.
Bittrex announced on Twitter:
“We’re rolling out more USD pairs. On Sep 17 we’re launching US dollar (USD) markets for TRON (TRX) and Litecoin (LTC). Eligible #Bittrex accounts created before Sep 4 are already enabled for USD trading.”
This announcement comes in the limelight when Justin Sun, the CEO and Co-Founder of Tron Foundation, said that the cryptocurrency market will hit $10 million market cap in the future, in retaliation to Vitalik Buterin.
The exchange platform recently announced that they would be launching USD markets for more cryptocurrencies in the market. At first, it launched USD pairs for XRP [XRP] and Ethereum.Classic [ETC]. After which, they announced the launch of USD pairs for Cardano [ADA] and ZCash [ZEC].
According to the statement released by Bittrex, the USD pairing is a step towards the adoption of blockchain technology. Moreover, the USD markets aim to decrease the dominance and influence of one coin on other tokens in the cryptocurrency space.
In addition, the exchange platform also wants to provide its customers a more convenient, fast and secure option for trading along with the access to the most innovative blockchain projects in the world.
Sreenath Gupta, a Twitterati said:
“what a great news, TRX volume started increasing…”
Crypto daydream, another Twitterati said:
“Just well done! These use pairs are good for the whole crypto-industry”
Cryptobysmol, a Twitter user said:
“Thank you for becoming what @Coinbase would not.”
According to CoinMarketCap, Tron [TRX] was trading at $0.0175 with a market cap of more than $1.15 billion and has seen a significant dip of more than 20% in the past 7 days.
Recently, Bittrex announced that they would be expanding to Malta and announced the launch of Bittrex International Inc. The reason was to focus on their business operations outside of the United States. The platform also claimed that they will provide a secure, more reliable and advanced digital assets platform through their Bittrex trading technology in a statement regarding the launch.
The post Tron [TRX] takes another step towards mass adoption with USD markets on Bittrex appeared first on AMBCrypto.
Source: AMB Crypto

Bittrex, KuCoin, and HitBTC Announce New Crypto Trading Pairs

Some of the digital currency industry’s best known exchanges are offering additional support for several different coins. Bittrex, KuCoin, and HitBTC announced the extra trading pairs via Twitter earlier today.
Major Exchanges Launch Extra Non-BTC Trading Pairs
Three of the planet’s leading digital asset exchanges have announced a range of different trading pairs for popular cryptocurrencies. These include additional USD pairs, as well as support for both Decred (DCR) and EOS.
Users of Tron (TRX) and Litecoin (LTC) will be pleased to learn that altcoin exchange-turned fiat gateway platform, Bittrex, has announced that it will now support trades directly between USD and the aforementioned digital assets. This means that users will no longer need to go through Bitcoin to trade TRX and LTC.
According to Tweet by the exchange, buying and selling for USD is already available on the platform for those users who created their account before September 4, 2018. Those with newer accounts must request the additional functionality via Bittrex’s support page.

We’re rolling out more USD pairs. On Sep 17 we’re launching US dollar (USD) markets for TRON (TRX) and Litecoin (LTC). Eligible #Bittrex accounts created before Sep 4 are already enabled for USD trading. New user or want to deposit/withdraw USD? Details: https://t.co/KA248OA2Bz pic.twitter.com/21xA8xZ4vm
— Bittrex (@BittrexExchange) September 12, 2018

Meanwhile, KuCoin is also increasing its offerings. The exchange took to Twitter earlier today to announce the launch of Decred (DCR) support. According to the Tweet, buying and selling functions came online earlier today. Withdrawals from the platform are expected to be available on September 14. Currently, KuCoin is supporting trading between Decred and Bitcoin, as well as Decred and Ether.

Decred (DCR) is now on KuCoin, you can deposit now. Trading pairs include DCR/BTC and DCR/ETH. Buying starts Sep 12, 2018 at 17:30 (UTC+8), selling starts Sep 12, 2018 at 18:00 (UTC+8), and withdrawal opens Sep 14, 2018 at 18:00 (UTC+8).@decredproject #KCS #DCR #BTC #ETH #ICO pic.twitter.com/Jfca9VE8fB
— KUCOIN (@kucoincom) September 12, 2018

Finally in exchange trading pair news, HitBTC are also increasing their offerings to their users. The so-called “most advanced cryptocurrency exchange” is now providing extensive support for EOS. A Tweet from the platform states that the native currency on the blockchain and smart contract platform will be available to trade against XRP, LTC, Monero (XMR), DASH, and ByteCoin (BCN).

We are officially upgrading @eos_io’s EOS to a quote currency at HitBTC! EOS will be available to trade against $XRP, $LTC, $XMR, $DASH, $BCN, and many other currencies, starting from 12 September, 15:00 UTC. pic.twitter.com/h2rqidITII
— HitBTC (@hitbtc) September 12, 2018

Many supporters of altcoins have long been clamoring for additional trading pairs that will reduce the role of Bitcoin in the process of buying and selling cryptocurrencies. They believe that the dominance of Bitcoin is largely down to the fact that most exchanges only offer trading pairs against the current number one cryptocurrency. Granted, some have begun to offer altcoin to ETH trading pairs but these are still much more limited than their BTC counterparts. The addition of the trading pairs launched today from Bittrex, KuCoin, and HitBTC should go some way to appeasing them.
However, with BTC dominance continuing to rise after it fell to a low of around 32%, it remains to be seen how such moves will impact the highest ranked cryptocurrency by market capitalization going forward.
 
Image from Shutterstock
The post Bittrex, KuCoin, and HitBTC Announce New Crypto Trading Pairs appeared first on NewsBTC.
Source: New feedNewsBTC.com

Bittrex expands to Malta; announces formation of Bittrex International INC

On 10th September, Bittrex, the cryptocurrency exchange platform had recently announced the formation of Bittrex International INC. The international platform is directly affiliated to Bittrex INC, with an agenda to focus on businesses operating outside the United States of America. They will also create and manage a global collection of innovative blockchain technology.
Bittrex affiliated with Bittrex International | Source: Twitter 
In addition, Bittrex International has established Bittrex Malta Ltd. They are currently operating in Malta and claim to provide a secure, reliable and advanced digital asset platform with the help of Bittrex’s trading technology. Bittrex Malta aims at building trust and a larger global footprint by listing innovative coins and tokens on their platform.
They also intend to become a virtual financial asset exchange which is regulated under the Maltese laws. To increase the adoption of Bittrex’s technology around the world, Bittrex International network of partner exchanges are allowed to avail every digital asset listed on Bittrex Malta. The exchange platform will also ensure that they will operate within the regulatory framework established by the European Union and Maltese Government.
Bill Shihara, CEO of Bittrex had stated that his team will use a secure, reliable and innovative platform technology to power the blockchain revolution. He further stated;
“Through our U.S-based trading platform, and our growing network of partner exchanges around the world, Bittrex is making blockchain technology and digital asset trading more accessible to the global community. Bittrex International and its subsidiaries will further advance our work to increase adoption of this revolutionary technology by streamlining the process of identifying and listing some of the world’s most innovative blockchain projects.”
According to a recent post, Bittrex bought a 10% stake in Palladium, a Malta-based blockchain company. Palladium had recently launched the world’s first fully regulated Initial Convertible Coin Offering [ICCO] which will give investors the right to convert their tokens into shares of Palladium three years after the issue date. Bittrex’s latest investment into Palladium has made it a major player in the Maltese blockchain company.
Quickflip757 commented on Twitter:
“Who does & who will be doing #KYC? Do you #verify the #identity? Who stores this information @BittrexExchange”
MarZ a Cryptocurrency enthusiast posted on Twitter:
“My favorite exchange.. USD trading and withdrawals is what this space requires for global adoption. Plus thank you for the smooth USD withdrawal. Took 2 days for funds to be credited in my overseas bank account”
The post Bittrex expands to Malta; announces formation of Bittrex International INC appeared first on AMBCrypto.
Source: AMB Crypto

Bittrex Purchases Stake In Malta Blockchain Startup

Bittrex, which is one of the world’s leading cryptocurrency exchanges, has recently bought a 10% stake in the Malta-based blockchain company Palladium, according to recent media reports. Bittrex, founded in 2014, provides digital wallets, real-time trade execution and other security practices.
Palladium was launched to much fanfare back in July this year, with Joseph Muscat – the Prime Minister of Malta – making a speech at the launch event. Mr Muscat claimed that the recent development was the next in a step to turn Malta into the “blockchain island”.
Continue reading Bittrex Purchases Stake In Malta Blockchain Startup at Crypto Daily™.
Source: Crypto Daily

Cardano and Zcash Gains Liquidity as Bittrex Adds Support amidst the Red Market

Bittrex, one of the top 50 cryptocurrency exchanges by trade volume around the world, announced using its Twitter handle the decision to enable crypto/fiat trading pairs for Cardano and Zcash. The approval of a crypto-fiat pair is of great importance as it demonstrates the proven trustworthiness of a cryptocurrency as well as its legality and legitimacy.
Crypto fiat pair proves trustworthiness of Zcash and Cardano
The approval of crypto-fiat pair by one of the biggest exchanges demonstrates – and an American one, at that – will be seen as an endorsement of the trustworthiness, legality, and legitimacy of the cryptocurrencies in the eyes of many as it directly exposes the currency to everyone that wants to invest in cryptocurrencies be it an expert or a novice. Indeed, Bittrex’s Twitter community has received the announcement well, shown by the fact that in just a couple of hours the tweet received more than 1000 likes and 500 retweets, with positive comments from crypto enthusiasts.

We’re rolling out more USD pairs. On Sep 5 we’re launching US dollar (USD) markets for Cardano (ADA) and Zcash (ZEC). Eligible #Bittrex accounts created before August are already enabled for USD trading. New user or want to deposit/withdraw USD? Details: https://t.co/KA248OA2Bz pic.twitter.com/pzCry5OdTr
— Bittrex (@BittrexExchange) August 29, 2018

An important point to note in the announcement is that crypto-fiat trading isn’t for everyone yet. Due to regulatory reasons, only a couple of states in the US are eligible to access the crypto-fiat markets Bittrex offers. The exchange itself recommends that those unable to take part in direct trading use Tether (USDT), a coin with a constant value of $1 instead.
Bittrex also explains exactly who can trade in USD, and it says:
To be eligible for the USD markets you must be living or operating:

Outside the United States, or
Inside the United States in California, Washington State, New York State, Montana, or Arizona
Corporate customers operating in Pennsylvania are also eligible

Also, read: Google Looks Cardano’s Way for Crypto Adoption
Why listing on Bittrex is important?
Bittrex is a US-based cryptocurrency exchange headquartered in Seattle, Washington. It is one of the most important exchanges in the USA as it offers crypto-fiat pairs allowing experts as well as novices to enter cryptocurrency markets. Because of this Bittrex follows some strict compliances in terms of listing and delisting any cryptocurrency. The exchange also is the thirteenth largest cryptocurrency exchange by daily trading volume and is renowned for the vast number of cryptocurrencies it has listed and has a good reputation for its security. No being regulated by US securities laws, Bittrex still has taken some strong steps to protect the interest of customers. Usually, coins see a spike in their prices when their name surfaces with regards to listing on Bittrex as it is considered positive.
On March 6, 2018, Bittrex listed TrueUSD, a stablecoin claimed to be backed by USD. Bittrex was the first exchange to list TrueUSD and is currently the only US-based exchange to list it. Since its listing on Bittrex, TrueUSD has twice spiked to a price of 1.30+ USD despite its supposed price peg.
On March 20, 2018, Bittrex announced their decision to de-list 82 cryptocurrencies which were found to be in violation of their listing requirements.
On May 25th, 2018, Bittrex added support for NAGA (NGC). Immediately after listing, Bittrex took over more than 30 percent of total NGC trading volume
Bittrex recently delisted Bitcoin Gold following a series of heists that netted thieves over USD 20 million in stolen funds in May this year. The price did not sink much this time due to positivity in market sentiment but the gains were very smalls.
Bittrex listing is being viewed by many as super important and so does the price react the same way. While reporting we had not seen much difference in prices as yet but one can expect them soon to be upward moving for Zcash and Cardano.
Will Bittrex listing start a bull run in Zcash and Cardano coins? Do let us know your views on the same.
The post Cardano and Zcash Gains Liquidity as Bittrex Adds Support amidst the Red Market appeared first on Coingape.
Source: CoinGape

Bittrex Onto Coinbase with Regulated Trading Platform, Fiat Trading, & xRapid Connection

US-based crypto exchange Bittrex is leaving no stone unturned to position itself akin to Coinbase as it partners up with Rialto for a regulated trading platform along with targeting institutions. Now long ago, Bittrex introduced fiat trading option for a selected few of its customers and ETC/USD pair only to one-up Coinbase with its partnership with Ripple for xRapid.  
A regulated trading platform, institutional investors also part of the plan   
According to the latest development, the US-based cryptocurrency exchange Bittrex is teaming up with Rialto Trading that operates a regulated Alternative Trading System (ATS) for trading fixed income products.
As for right now, Rialto has pending approval from regulators which will allow them to include digital assets. For this, both the companies are having “detailed conversations with regulators to launch this expanded platform.”
The move will further involve support to “US dollar (fiat) trading for digital securities. In addition, Rialto will provide services to the entire digital asset securities ecosystem, including issuance advisory services, placement, trading, and custody.”
Apparently, institutional investors are also targeted by Bittrex as it mentions, “Institutional investors, accredited investors, corporations and U.S.-registered broker-dealers who are interested in trading digital securities on the ATS may submit their interest for an account.”
Bittrex CEO Bill Shihara shared:
“We’re merging Bittrex’s technology, cybersecurity, and blockchain expertise with Rialto’s deep knowledge of the securities industry. And, when you add that foundation with Rialto’s extensive background in financial services, including Shari’s experience at Goldman Sachs and Deutsche Bank, this new venture is well-positioned to further advance blockchain’s adoption by offering a comprehensive solution at the right time.”
Also, read: Coinbase Strengthen Core Principles as it ExpandsCryptocurrency Use Cases
Bittrex positioning itself as Coinbase but with an additional move
With this move, Bittrex is surely making way to position itself akin to the biggest exchange of US, Coinbase. Coinbase is already working on acquiring a number of licenses along with seeking approval from the SEC.
Apparently, Bittrex has already been on this path as first it started with fiat trading services. Initially, the USD trading service has been granted to only a selected few which was, later on, was further extended to a few other users as well. And it won’t be far off when Bittrex will be allowing all of its user’s fiat tradings which will lead to a rise in its clients.
According to Coinmarketcap’s adjusted volume ranking, Bittrex ranks at 37th position with about $28.7 million 24-hour trading volume. Though it is not a big exchange, users do gravitate towards this exchange.
Recently, Cory Johnson of Ripple announced the company will be partnering up with Bittrex along with two other exchanges to facilitate their cross-border solutions via xRapid. With this xRapid connection and latest XRP/USD trading pair addition, it’s only going to rise further which puts it a step forward to Coinbase.
Not long ago, it also added ETC/USD pair which hasn’t been much after Coinbase introduced fiat option for Ethereum Classic (ETC).
Though small, Bittrex is all set to create its presence into the crypto market by going regulated, allowing fiat trading, and luring institutional investors.
The post Bittrex Onto Coinbase with Regulated Trading Platform, Fiat Trading, & xRapid Connection appeared first on Coingape.
Source: CoinGape

Bittrex opens USD trading services with Bitcoin [BTC] and other cryptocurrency pairs

Bittrex, a leading cryptocurrency exchange platform based in Seattle opened US Dollar trading on their platform. The exchange platform has also sent across a mail to all the eligible customers and corporate accounts. Bittrex users can either choose ‘USD trading only’ or ‘USD trading, deposits and withdrawals’ from the platform to enable their account.
Bittrex U.S Market Trading || Source: Reddit
The customers have to fill out a form first and then get an approval from the exchange platform. Once the user is deemed eligible, their account will be enabled for trading.
According to the support blog, users who reside in the United States in California, Washington State, New York State or Montana and outside the United States are eligible to participate in the trading. People who do not reside in the above-mentioned states can participate in the platform’s Tether [USDT] market. The platform is working towards adding more states for the U.S. market.
Customers opting for this service can trade with the BTC/ETH/USDT or any other cryptocurrency pais available on the exchange platform. If the user wants to switch the account to USD deposit and withdrawal account, they can do so by submitting a fiat [USD] trading request form again along with the bank details. The users can have multiple bank accounts for this service.
Lordguesnbury, a Redditor says:
“I’m glad to hear this. I’ve had good experiences with Bittrex in the past (minus not being able to trade in USD) so I hope it will be a boost to the crypto industry, and make access easier. When access is easier, adoption is more likely so hoping this will be a positive thing for all.”
Flying_mangoose69, another Redditor says:
“The market cycle cares not about such things unfortunately.”
Joseph Todaro, a Twitterati says:
“With Coinbase adding more assets. Circle expanding OTC assets. Bittrex opening USD trading. Robinhood jumping into the game. The on roads for retail to get from USD to other cryptoassets are growing rapidly. They are all getting ready for the next bull run.”
The post Bittrex opens USD trading services with Bitcoin [BTC] and other cryptocurrency pairs appeared first on AMBCrypto.
Source: AMB Crypto