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   1043

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 Remove Maker Fee For Certain Accounts

This update are valid uptil July 3 to those, who showed monthly trading volume above $30k; also, exchange reported on the start of euro support "this summer"
13 June 2019   186

Bittrex Cryptocurrency Exchange temporarily lowered the maker fee (for placing a limit order) in pairs with the US dollar to zero, and the taker fee (ffor buying / selling the placed order) to 0.15%. These changes will be valid until July 3 for accounts that at least once showed a monthly trading volume above $ 30 thousand.

At the same time, other accounts that do not fall under the initial requirements may also apply for a reduction in fees.

Note that Bittrex launched such a campaign in honor of the announcement of an important event: the addition of support for the fiat euro this summer.

Earlier, Bittrex limited trading to 32 cryptocurrencies for US residen