Bittrex Now Allows US Dollar Trading to its Retail Customers
Bittrex has moved into its next phase and now inviting retail customers for its US Dollar (fiat) trading option after reaching out to corporate customers in the first phase. The crypto exchange will soon make this option available to all of its customers and will even introduce exclusive USD options.
Bittrex USD trading moves in next phase
After announcing the US Dollar (fiat) trading on Bittrex, the cryptocurrency exchange has moved onto the next phase. After allowing a selective few customers initially, now they are inviting a small group of retail investors to participate in the USD markets. The cautious approach taken by the exchange is to ensure that their “processes and systems are operating optimally” before the operation is opened to all of the customers. In the official announcement, Bittrex mentions that these phases will continue until all the qualified customers are included. In the beginning, corporate customers were first included and now they are beginning to “methodically add batches of retail customers”.
The exchange is inviting the participants from New York, California, Montana and Washington State along with “qualified international regions”. More states will be added in the future phases.
Bittrex is surely excited of the ongoing developments as stated by them,
“we’re very excited about launching USD trading and being able to extend these markets to more customers once we can ensure they’ll have a great experience.”
Also, read: After Binance, another Crypto Exchange Planning to Offer Fiat Trading Options
Exclusive USD pairs coming soon
It has been in late May only that the exchange decided to bring out fiat trading options claiming,
“By adding fiat markets to the top digital currencies on our exchange, we’re providing our customers’ unique purchasing and trading options for digital currencies in a secure, robust and reliable environment with high liquidity.”
As for the phased approach, it allows them “to provide quality control and ensure customers experience the highest level of service possible.” Once all the phases have been rolled out, the exchange ensures that “all qualified customers will have a streamlined experience for purchasing digital currencies on Bittrex directly with US dollars.”
Bittrex is among the top 30 cryptocurrency exchanges in the world with a 24-hour trading volume of about $39 million, as per Coinmarketcap. The exchange has about 200 digital tokens listed whose current “USD markets include BTC, USDT, and TUSD”. However, the exchange will be adding new USD pairs soon that according to them “may only be found on our platform”.
Introducing the fiat trading options is gaining a lot of attention nowadays as it offers the ease and enhances liquidity to the investors.
What do you think of the new developments made by Bittrex? Share your thoughts with us!
- Expert Predicts SHIB Rally as Shiba Inu Restores Shibarium After $4M Hack Shutdown
- FLOKI Makes History With First ETP in Europe as Price Surges 30%
- BNB Rally to $1,300 Will Continue As Binance Hits Crucial Q3 Milestone, Says Expert
- Trump’s Real Estate Moves On-Chain as Hut8 Adds WLFI Tokens to Boost Treasury
- ASTER Token Defies Crypto Market Consolidation With 14% Upside, Expert See Next Stop at $3
- FLOKI Price Prediction as ETP Listing Drives Adoption—Is a 160% Rally Ahead?
- BNB Coin Price Hits ATH as Derivatives Activity Soars—Is $1,520 the Next Stop?
- Aster Price Eyes $3 After Channel Breakout as Open Interest Surges to $1.37B
- Will XRP Price Hit $5 if the SEC Approves ETFs This Month?
- Bitcoin Price Hits $120K Ahead of Q4 — Can Citigroup’s Forecast Hold Up?
- Pi Network Price at Risk of Another Crash as Mysterious Whale Stops Buying
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
