Bittrex stops creating new ETH deposit addresses

Bittrex exchange reported that it stops new ETH and asset deposit addresses from being created because of high gas prices
08 January 2018   414

Bittrex cryptocurrency exchange has stated that Ethereum and ETH assets would be offline as Bittrex team would work around a performance issue with geth. Moreover, Bittrex is preventing new ETH and asset deposit addresses from being created due to incredibly high gas prices, while stating that existing deposit addresses will work as normal.

The problem is related to the Ethereum network, which is processing more than 1,2M transactions daily, which is more than all of the cryptocurrencies and blockchain networks, including Bitcoin. Also, the transaction fee of Ethereum is also significantly rising.

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   2358

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.