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.
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.