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   1471

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 Go For Maintenance After 1/3 Funds Moved

Users suspects hack, but exchange says "funds are safe"
05 December 2019   395

The Bittrex cryptocurrency exchange has announced scheduled maintenance today, December 5, from 22:00 to 23:00 (GMT). On the eve, a third of its assets were transferred to an unknown wallet.

During maintenance, users will not be able to log into the system or use the APIs. Trading will be suspended.

On December the 4th, populat Twitter account posted that "43,564 #BTC (313,074,134 USD) transferred from Bittrex to unknown wallet." Users suspected that the exchange was hacked, but the exchange . 

Closures for scheduled maintenance only heightened suspicion. However, the Bittrex team assures that "that claim is false."