The 25 of November Bittrex introduces new rules

Today Bittrex users have got official letter about new rules on stock exchange
25 November 2017   1528

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 to Launch International Trading Platform

The international platform will be available to existing Bittrex users except US customers
30 October 2018   195

At Bittrex International, there will be improved listing procedures for tokens and advanced options for qualified users from different countries.

The international platform will be available to existing Bittrex users, with the exception of US exchange customers.

Testing of Bittrex International will last over the next few weeks. Earlier the management of the American Stock Exchange planned to name its division Bittrex Malta.

According to Bittrex, the earlier process of including tokens in the listing took months. At Bittrex International, this process has been greatly improved and will be much faster. At the same time, token developers will get access to the company's partner network.

The platform will carry out its activities within the regulatory framework of the European Union and the Government of Malta.

We are committed to being a driving force in the blockchain revolution by increasing adoption of this innovative technology around the world. Bittrex International's more efficient token listing process, combined with our reliable, secure and advanced trading platform technology, will make it easy to quickly feature the newest, most innovative blockchain projects for our international partners and customers. 

Bill Shihara
CEO, Bittrex

Those preparing for listing on Bittrex International's assets will have to meet the standards set by the company for new tokens, which include such criteria as “authenticity, innovation and quality”. Also, the coins should not contradict the requirements of the Maltese Law on Virtual Financial Assets.