Bittrex digital asset exchange announced on August 29 to launch two new USD trading pairs for cryptos Cardano (ADA) and Zcash (ZEC). On May 31, 2018, Bittrex mentioned that it was offering U.S. dollar (fiat) trading for its corporate clients. It also mentioned that it plans to expand these services over time so that it can include all qualified customers.
Fiat trading on the exchange would initially include Tether (USDT), Bitcoin (BTC) and TrueUSD (TUSD). Bittrex mentioned that it is implementing a phased roll out so that it can establish quality control for the new markets. This phased rollout would also ensure that its customers receive the highest level of service from its end.
The exchange then announced on June 14, 2018, that it will now roll out the next phase to facilitate crypto trading by inviting small groups of retail customers to participate in the USD markets. Bittrex went on to add Ethereum (ETH) to USD (fiat) markets on June 20, 2018. The exchange made another new announcement stating that it would be launching USD markets for Ethereum Classic (ETC) and XRP on August 20, 2018.
As per the latest announcement, Bittrex intends to launch USD markets for Cardano (ADA) and Zcash (ZEC). As shared by the exchange earlier, it intends to continue adding coins/tokens to its USD markets. With the addition of Cardano and Zcash trading pairs, the customers invited by the exchange to participate in the rollout will have access to USD markets for ETH, USDT, BTC, XRP, TUSD, ADA and ZEC from September 5, 2018.
Presently Bittrex personal account and corporate customers residing in qualified international regions and eligible states are able to apply for USD trading. Both these customer types can apply for USD trading by completing the required form, as stated in CryptoGlobe report.
Crypto trading in these two news USD trading pairs for customers residing outside the approved locations will be added over time, the exchange added. Bittrex said that with every new phase, it will continue providing information and updates on how to apply for fiat trading.
The post Bittrex Announces To Launch Two New USD Trading Pairs For Cryptos, Cardano (ADA) And Zcash (ZEC) appeared first on OWLT Market.
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