Bittrex is one of the biggest digital currency trading platforms in the crypto verse. Bittrex is taking off its stage two of the US Dollar Fiat exchanging phase. This empowers retail and corporate finance specialists to trade USD for cryptographic forms of money.
Today, Bittrex tweeted:
“Today we’re adding Ethereum (ETH) to USD (Fiat) markets in addition to previously announced Bitcoin (BTC), Tether (USDT) and TrueUSD (TUSD) markets. See recent blog for more information: http://bit.ly/2te1Bb7 #Bittrex”
Israel 9Izzy0, a crypto enthusiast commented:
“Great! U might as well add #XRP too or LTC for that matter”
On May 30th, Bittrex released an official announcement stating that “fiat trading on Bittrex will include Bitcoin [BTC], Tether [USDT] and TrueUSD [TUSD]” – the first step towards increasing mass adoption of cryptocurrency investing.
More trading pairs are expected to be added apart from BTC, USDT, TUSD, and ETH.
This approach has been designed to make sure that their processes and systems are operating correctly before they make it available to their users. Bittrex has started to invite small groups of retail customers to participate in the USD markets, as the trading will help them evaluate and test their capabilities.
Bittrex CEO said:
“Expanding fiat markets to the top digital currencies on our exchange should further drive adoption of this revolutionary technology by providing customers even more options for purchasing and trading digital currencies in a secure, robust and reliable environment with high liquidity.”
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Author: Simran Alphonso
Image Credit: Pixabay