A leader in the blockchain sector, cryptocurrency exchange Bittrex is set to release new USD trading pairs, as reported on 8 August.
According to the statement published on 8 August, Bittrex is seeking to diversify its portfolio of digital assets. Thus, on August 20, users will be able to choose between the following trading pairs: USD/BTC, USD/ETH, USD/USDT, USD/TUSD, USD/ETC, and USD/XRP, the latter two being in the process of listing.
The company aims to add more tokens to its USD portfolio. Bittrex has announced that it takes time and gradual involvement to “ramping up these markets” and deliver in the same time quality services.
“In addition to broader acceptance, expanding fiat markets to the top digital currencies on our trading platform will help limit the dominance and influence of any one token over other blockchain projects – a necessary evolution if we’re going to unleash blockchain’s potential benefits for consumers and businesses.”
Tough times are gone
Founded in 2014 by Richie Lai, Rami Kawach, Bill Shihara, former Amazon employees, Bittrex has managed to position itself at an acceptable level in the crypto sector. The plans on launching USD trading to the company’s customer database were announced in February by Shihara.
The company, however, has gone through a confusing period towards the end of 2017. In October, it has deactivated more than a thousand accounts without publishing a notification, while in December it has suspended the registration of the new user for a specified period of time. Later, the situation was clarified, and Bittrex began resuming its activities by imposing new requirements.
Currently, Bittrex is ranked 23rd in the top of the largest cryptocurrency exchanges after 24-hour traded volumes- $ 57,152,342.