The 25 of November Bittrex introduces new rules

Today Bittrex users have got official letter about new rules on stock exchange
25 November 2017   768

There are main theses from this document:

  • Removing stale orders:  Bittrex will be removing orders that are older than 28 days;

  • Raising the minimum trade size: the minimum trade value for orders will go from 50,000 Satoshis to 100,000 Satoshis;

  • Creating minimum tick sizes: Bittrex will be instituting minimum tick sizes. The target is to have minimum trade sizes that are near 0.1% of the current price;

  • A general statement about market manipulation tactics: Bittrex actively discourages any type of market manipulation, including pump groups. They will suspend and close any accounts engaging in this type of activity and notify the appropriate authorities.  

All these parts will come into force within the next 2 weeks.

Bittrex users already are afraid of incorrect application of the last measure specified in the letter. They think that this is a too blurred criterion under which any user can get. They also fear that if Bittrex decides to block these accounts, users will lose their money.

That massive problems with verification, then at any time you can be considered a manipulator, a fraudster and block your account with all the money you've got.



user of forum

Other changes are not seemed so fatal to users. For example, they think that creating minimum tick sizes will reduce the number of bots. Then this letter provoked the appearance of complaints about the work of the stock exchange as a whole.

Bittrex CEO Revealed Plans to Launch US Dollar Trading

The Chief Executive Officer of Bittrex Exchange stated in an interview that the exchange will soon open USD trading for the majority of the customers
01 February 2018   2360

Bill Shihara is a co-Founder and CEO of Bittrex, who previously was a Security Engineering Manager at Amazon and Manager of Security Threat Analysis and Security Engineering at BlackBerry.

In a recent interview with Unikrn radio, Bill Shihara revealed that the popular cryptocurrency exchange Bittrex will soon launch US Dollar trading on the platform. Those news are really big considering the recent problems connected with Tether (USDT). 

We will be doing US dollar trading. This won't be open to everybody, but we will have US dollar trading available for the majority of our customers. People who are interested, there is a separate, enchanced due diligence process around getting your account blessed for US dollars.

Bill Shihara

Bittrex CEO

As for the community reaction to the abovementioned news, many users suggest that the ticker USDT will be removed and changed for USD, but there is no confirmed information regarding this issue yet.