Bittrex, a real-time trading platform, announced that it will introduce two new USD trading pairs to its trading platform. The exchange tweeted that it will launch USD markets for Cardano and ZCash. The cryptocurrency exchange supports both personal and corporate accounts for US Dollar (USD) trading, deposits, and withdrawals.
We’re rolling out more USD pairs. On Sep 5 we’re launching US dollar (USD) markets for Cardano (ADA) and Zcash (ZEC). Eligible #Bittrex accounts created before August are already enabled for USD trading. New user or want to deposit/withdraw USD? Details: https://t.co/KA248OA2Bz pic.twitter.com/pzCry5OdTr
— Bittrex (@BittrexExchange) August 29, 2018
Initially, Bittrex was only trading to corporate customers but later added retail customers. “We’re using a phased approach for adding markets and customers. This approach is designed to ensure our processes and systems are operating optimally before we open it up to all customers,” said their blog. The first USD trading pairs on the exchange were Bitcoin [BTC], Tether [USDT], and TrueUSD [TUSD]. Later this year they began USD markets for Ethereum [ETH], Ethereum Classic [ETC], and Ripple [XRP].
“As an incubator and leading advocate of blockchain technology, Bittrex is committed to listing tokens that not only have the best business applications but also are the most innovative blockchain projects in the world. 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,” said Bill Shihara, CEO of Bittrex.
Bittrex now has services only for international customers and those operating in California, New York, Montana, and Washington State with identity-verified accounts are eligible. However, they plan to roll out more in the future phases as they add more customers and markets.
Earlier the company had said regarding the timeline for other cryptocurrencies to get USD trading pair, “We’re starting with a limited number of pairs to evaluate our systems and processes, and our plan is to continue to add fiat trading to the top digital currencies on our platform. We’re reviewing the blockchain projects we already list, listening to our customers’ trading preferences and taking other important considerations into account as we decide which USD trading pairs will be next for fiat. Development teams with tokens currently listed on Bittrex may complete this form for consideration. Be sure to continue following our blog (click here) for exciting announcements about new USD trading pairs in the future.”
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