Bittrex is considered as one of the famous crypto exchange platforms that have added USD pairs to their board. As per the official tweet made by Communications Team of Bittrex, it was stated that they are planning to launch US dollar markets for XRP and Ethereum Classic (ETC) on August 8, 2018.
The latest updates have revealed that the platform has opened USD trading pair for XRP and ETC. Both XRP and ETC was eagerly waiting for this news since Bittrex revealed its plan.
Bittrex made it clear that with the use of USD pairing users can directly purchase the cryptocurrencies with the fiat currencies. Well, the main intention is to establish a USD market that is only present in this trading platform.
It can be said that the exchange is gradually trying to integrate the fiat currency onto their board. Moreover, this will help to coordinate with the US dollar for the newly added exchanges so that it can be accessed to the market.
The firm further elaborates that they may offer new exchange pairs that are linked to the US dollars. This will help Bittrex to offer faster, convenient, and safe trading platform.
In addition, customers can trade not only from crypto to crypto but can further enjoy fiat to crypto pairs making the virtual trading platform more innovative.
At present, the trading platform is regulating with six cryptocurrencies including two new currencies namely Bitcoin [BTC], Ethereum [ETH], Tether [USTD], XRP [XRP] and Ethereum Classic [ETC].
Adding more spice to it the sources confirmed that the exchange has not permitted every user to trade with US dollars. This means that only those users having the Bittrex corporate and personal accounts residing in qualified states can only think to apply for USD exchange.
The states include New York state, Washington State, California are the qualified ones that can trade using USD pairs. However, the sources experts have confirmed that it will take a little more time for adjusting the locations so that it can be made available to the other customers to avail of the USD pairs.
The team said that if any customer wants to make a shift from USD trade then they can simply submit an application request for the fiat trading along with all their bank’s details. The user can freely use several banks accounts to grasp these features of Bittrex.
Bittrex made it clear that the experts evaluate and verify the assets before adding it to the platform. The team takes the required time to detect all the pros and cons before adding any cryptocurrency trading pair.
Indeed, the platform is free to evaluate and receive virtual currencies by looking all merits and demerits.