Bittrex Establishes International Branch Outside of US
On Monday, Bittrex announced the establishment of an international division. This branch will be called Bittrex International, and it will be responsible for handling the exchange’s businesses outside the US.
Regarding the launch of this new division, Bittrex posted on its official website the following:
“The mission of Bittrex International is to be a driving force in the blockchain revolution, increasing adoption of this innovative technology around the world. The company will own and manage Bittrex’s international businesses.”
But this is not the only Bittrex will be establishing. Bittrex International will be providing the basic structure on which Bittrex Malta Ltd., a new crypto trading platform in Malta, will be based. The new exchange will use the advanced and secure trading implementations of Bittrex to offer pioneering coins and tokens with more coverage on the platform. These coins can use the new platform to increase their popularity and trust among new users.
Regarding the platform’s future, Bittrex’s CEO, Bill Shihara stated the following:
“At Bittrex, we’re using our secure, reliable and innovative platform technology to power the blockchain revolution.”
He further stated that the company is working with a growing number of partner exchanges from all over the world. According to him, the exchange will be making blockchain and crypto trading more accessible on a global level. The exchange’s aim is to find new original projects and make them available on its platforms.
The exchange also told that each of the “innovative” blockchain assets that they will list would be accessible for its collaborating exchanges if they meet the laws of the exchange’s home country.
Bittrex Malta is in luck, as Malta is a country that has crypto-friendly regulations and has laws concerning cryptocurrencies and blockchain which are more liberal. The EU recently made clear in a meeting held in Vienna attended by finance ministers that it doesn’t plan to rush the process of crypto regulating.