Bittrex to Support US Dollar

Cooperation with Signature Bank will allow corporate customers from several states to buy digital currencies for US dollars
01 June 2018   362

American crypto exchange Bittrex entered into an agreement with the New York Signature Bank, which allowed the trading platform to add support for the US dollar. This is reported by Bloomberg.

According to representatives of the trading platform, cooperation with Signature Bank will allow corporate customers from several states to buy digital currencies for US dollars. Also Bittrex are sure that this step will attract more users to the exchange and will promote the popularization of crypto assets.

It’s been a long path. It’s not just about banks being able to trust Bittrex. It’s about banks being able to trust crypto in general. And I think it’s really showing that crypto is turning the corner in terms of mainstream acceptance.
 

Bill Shihara

Chief Executive Officer, Bittrex

Trading in the fiat currency will be available in pairs with Bitcoin, Tether and TrueUSD. Initially, this option will be available only for corporate clients from Washington, California, New York and Montana. In the future, the company promises to provide an individual investor with the opportunity to trade "Fiat".

Currently, the client base of Bittrex has about 3 million users. A total of about 200 different digital currencies are represented on the platform.

Bittrex to List LOOM

LOOM is the token of the American startup Loom Network, which launches decentralized applications
18 July 2018   452

Popular cryptocurrency exchange Bittrex listed Loom Network token LOOM. 

As the team of the exchange said, trading with the crypto currency will begin in the near future. On the background of this news, LOOM showed a price jump fo 14%.

LOOM Price Chart
LOOM Price Chart

LOOM is the token of the American startup Loom Network, which is launching decentralized applications.

In January, Bittrex tightened the criteria for listing new tokens. Now, developers need to provide technical information about the token itself, as well as the data of at least one team member. At the moment, the exchange has 290 digital coins.