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   3248

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.

Gemini & Partners to Launch Virtual Commodity Association

Association is created to develop standards for the industry, promote transparency in the market and cooperate with regulators, including the CFTC
20 August 2018   408

Several major exchanges decided to create a new structure designed to eradicate manipulation in the digital assets market, Bloomberg reports.

The Virtual Commodity Association was formed by the founders of the exchange Gemini Cameron and Tyler Winklewoss. According to a statement released on Monday, the group also included Bitstamp, BitFlyer USA and Bittrex. Representatives of four trading platforms will meet in September to consolidate the provisions for the future functioning of the organization.

The Virtual Goods Association will develop standards for the industry, promote transparency in the market and cooperate with regulators, including the Commodity Futures Trading Commission of the United States (CFTC), in order to prevent manipulation of Bitcoin, Ethereum and other currencies.

As the temporary executive director of the organization, Maria Filipakis, who worked in the Financial Services Department of New York, was appointed, where she took part in the creation of a BitLicense.

Earlier, the Winklewoss brothers tried to launch their own ETF, tied to bitcoin, but the US Securities and Exchange Commission denied them twice, as the reasons for its decision, among other things, calling for the absence of adequate measures to prevent cryptocurrency market manipulations.