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   3417

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.

Bittrex to Launches OTC Trading Desk With 200 Tokens

As reported, OTC platform will provide “guaranteed pricing” for large transactions
14 January 2019   176

Bittrex launched an over-the-counter trading platform, CoinDesk reports.

The new service will allow a limited number of customers to "quickly and conveniently trade assets" and will support about 200 cryptocurrencies that are already represented on the exchange itself. The OTC platform will provide “guaranteed pricing” for large transactions, “typically $ 250,000 or more”.

The service will allow direct transfer of assets between two participants in a transaction, unlike stock trading, where purchase and sale applications are processed through a centralized glass.

Bittrex CEO Bill Shihara called the new platform a “game-changing trading option”, pointing out the number of tokens supported by his exchange

With one of the most extensive selections of digital assets of any OTC desk available, this offering will be another way for Bittrex to further advance adoption of blockchain technology worldwide, while also providing our customers with price certainty and a fast and easy way to trade large blocks of digital assets.

Bill Shihara 

CEO, Bittrex

Earlier, similar initiatives were made by the American exchanges Coinbase and Poloniex. The Coinbase OTC service is available to institutional clients through the Coinbase Prime platform. Poloniex also admits a limited number of clients to OTC trading and uses a minimum bid limit of $ 250,000.