Bittrex—a popular US-based cryptocurrency exchange has made its plans to expand across the world known through the launch of Bittrex International. The International platform was previously known as Bittrex-Malta. The platform is expected to commence international customers registration once its testing and evaluation period is over.
Bittrex International will make Token Listing Faster
As a US-based broker, the exchange is under stringent regulations which means the exchange has to go through several verification processes before it can list a new token on its platform. As a result of this, it takes a while before new tokens get added to the platform. With the launching of the International platform, the process of approving tokens for listing on the platform becomes faster.
The exchange has also made it known that tokens and coins currently listed on the main platform of Bittrex.com, will also be featured in the new exchange.
Aims and Objectives of Bittrex International
As regards the launching, the exchange’s CEO, Bill Shihara, made the company’s aim and objectives known. He made it clear that their aim was to be part of the blockchain and technology revolution. There will be no listing fee on the new version.
Bill further stated that:
“We are committed to being a driving force in the blockchain revolution by increasing adoption of this innovative technology around the world. Bittrex-International’s more efficient token listing process, combined with our reliable, secure and advanced trading platform technology, will make it easy to quickly feature the newest, most innovative blockchain projects for our international partners and customers. And, because we believe it’s more important for token teams to invest their time and money in technology and business development, Bittrex-International — just like Bittrex.com — will not charge a token listing fee.”
Based on the released report, United States residents, will not have access to the new platform. This is because the new platform will not only be operating within the regulatory framework of Malta only but also that of the European Union. All KYC/AML protocols will be followed.