Bittrex to Join Forces with Invest Com

Companies are going to lauch new platform for EU residents with almost 200 tokens support
05 July 2018   1076

The American cryptocurrency exchange Bittrex and the trading company invest.com have entered into an agreement to launch a new platform for the residents of the European Union.

Companies note that nearly 200 tokens will be available for the trading.

We are very excited to form this joint venture with Bittrex. Innovation and determination have led invest.com to take a strategic step forward into the new world of trading. The brand will focus solely on the emerging crypto industry." He went on to say that "We believe that excellent product experience coupled with supreme customer support, value added services and regulation state of mind will provide the community of traders with the ultimate platform to trade cryptocurrency in a safe and secure environment. Our goal is to become the most reputable platform in the EU and later in numerous countries across the globe
 

Itai Avneri

Spokesman, invest.com's and Co-founder of the new venture partnership

In turn, Bittrex CEO Bill Shihara noted that the creation of a new exchange will help to spread blockchain technology.

Preliminary registration of accounts is available on the official website.

Coinbase to Help Determine Whether Coin is Security

The system, which is developed together with Kraken, Circle and Bittrex, will help exchanges to determinate whether a coin is a security under US law
01 October 2019   134

Bitcoin exchange operators, including Coinbase, Kraken, Circle and Bittrex, have developed a system to evaluate which cryptocurrencies are classified as securities under US law.

According to the Wall Street Journal, the system will help exchanges decide which digital assets to list and which ones to not deal with so as not to violate the requirements of securities laws.

A specially created Cryptocurrency Rating Council evaluates digital assets based on the rules and recommendations of the US Securities and Exchange Commission (SEC). Cryptocurrency project developers do not participate in asset valuation, but may provide additional information.

The rating structure assigns from 1 to 5 points to the asset in question. The highest value indicates that cryptocurrency has the maximum number of signs of a security.

The Council published the results of an assessment of 20 cryptocurrencies. Bitcoin, Litecoin (LTC), Monero (XMR) and DAI each received 1 point, which indicates the minimum probability of classifying them as securities. The same applies to Ethereum (ETH) - only 2 points.

Ripple's XRP was at risk with 4 points. Closer to this value, the ratings of tokens EOS, FOAM, Stellar (XLM), Tezos (XTZ), Augur (REP), Hedera Hashgraph (HBAR) and LOOM from Loom Network - 3.75 points.

The system itself selects digital assets for valuation, but may consider the application.

In addition to exchange operators, the founders of the Cryptocurrency Rating Council were custodial and trading companies of the industry, including Anchorage, a division of Cumberland holding DRW, Genesis Global Trading and Grayscale Investments.