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Bittrex to launch a US Dollar market for Bitcoin Cash tomorrow

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Bitcoin Cash
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On the last week of September, one of the most popular cryptocurrency trading platforms, Bittrex, officially announced to the world their intentions of supporting Bitcoin Cash (BCH), the 4th largest virtual currency in the world in the US dollar market.

According to information made public, the official date of the Bitcoin Cash US market launch will be on 3rd October. Also, traders and investors who activated their Bittrex accounts before 5th September are already entitled to the US dollar exchange. The exchange Tweeted, today:

In a few hours, 3rd October, cryptocurrency exchange, Bittrex, will be launching the much awaited and exciting US dollar market for Bitcoin Cash (BCH).

Preceding to the listing BCH, Bittrex also added Tron (TRX) and Litecoin (LTC) into their growing portfolio recently pairing them with US dollar to its platform.

During the time Bittrex was onboarding Tron (TRX) on its platform, the exchange was quick to make it known that they were the first platform that facilitated the US dollar market for Tron (TRX) in the United States.

Bittrex also made it clear the importance of launching assorted US dollar markets for virtual currencies. By creating and launching diverse US dollar markets, the platform aids in avoiding a single or a particular virtual currency holding dominance in the crypto market.

Brief History of Bittrex Exchange and their Contribution in Allowing Investors Swap Dollars for Virtual Currency

Thanks to the recent endeavors of Bittrex, investors, and traders can now buy virtual currencies using US dollars.

Bittrex, a cryptocurrency exchange that is based in Seattle has bumped into an understanding with the relevant market players to allow investors and traders to purchase digital assets with American dollars.

Regarded widely as one of the most secure virtual currency’s exchanges in the United States, Bittrex has a custom exchange engine developed to execute and process orders efficiently and quickly.

The exchange company was founded by ICT and security experts in 2014 who had more than 50 years of combined skill and knowledge. The headquarter of Bittrex is in Las Vegas, Nevada and its commitment to security is unmatched as it offers a wide variety of virtual currencies that are solely confirmed as trustworthy digital coins/assets.

Apart from Bitcoin Cash (BCH), Bittrex cryptocurrency platform has other relevant digital coins listed on their platform for trading. Such digital assets include Zcash (ZEC) and Cardano (ADA) although the crypto exchange is limited regarding geographical coverage.

Growing demand from potential customers is on the rise, bombarding the management of the exchange to expand their services to all quarters of their jurisdiction.

Recently, Bitcoin Cash (BCH) has been in the limelight for all the right reasons. Last week, the BCH experienced a sudden appreciation of price increase by 20 percent adding over 1 billion US dollars to its market capitalization.

News revolving around the sudden price surge in Bitcoin Cash (BCH) prices introduces Bitmain’s IPO filing, a mining giant. According to analysts, since Bitmain held huge reserves of the digital coin, a portion of the funds from the multi-billion-dollar fundraising will likely be put to task in the development of the cryptocurrency.

Also, apart from Bittrex, Bitcoin Cash has been receiving massive adoption in the market. Recently, Gemini, a reputable cryptocurrency exchange in the league of Bittrex, got the regulatory go-ahead to add Bitcoin Cash (BCH) to its trading platform.

According to official sources, BCH will be listed shortly on Gemini. And going by the recent activities, the Bitcoin Cash platform is making significant improvements in their system by adding new upgrades that contain censorship-resistant file storing system.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Photo by Jonas Verstuyft on Unsplash

Altcoins

3 Altcoins That Are Outperforming Bitcoin and Will Likely Face Consequences

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altcoins
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The crypto market is going through a period of massive recovery in the past few months, which has caused the investors’ optimism to return. While all eyes are on Bitcoin (BTC), as usual, the largest coin seems to be struggling with a major resistance level at $8,000 at the moment. While this level was breached a few times now, every breach resulted in a correction.

At the time of writing, BTC is approaching this level yet again, with its current price being at $7,985,79, and rising further. The price managed to grow by 1.06% in the last 24 hours, and will undoubtedly hit $8,000 in a matter of hours, if not sooner.

However, while Bitcoin continues to remain volatile and struggles with waves of growth and decline, there are some altcoins that are not following its path. Of course, most of them are performing in pretty much the same manner as BTC, as they always had. But, a few coins have actually managed to outperform Bitcoin in recent months.

While optimists believe that this might lead to decoupling from Bitcoin — something that only Binance Coin (BNB) managed to pull off up to this point — it is likely that there will be consequences for these cryptos. This likely means that a price drop for these specific coins awaits somewhere in the near future, as outperforming BTC…

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Why Binance May Be Crucial for Tron (Trx) to Reach $1

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TRON
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TRON (TRX) has been one of the most popular crypto projects in the past year. The coin has received a lot of attention from the entire crypto community, and although the impressions may differ —  the fact is that TRX is one of the most talked-about coins, even today.

However, while the project managed to achieve a lot in less than a year — launch its MainNet, start multiple massive projects, launch dozens of dApps, hundreds of smart contracts, its own DEX, new token, and more — its price remains quite low. Undoubtedly, one of the reasons for this is its massive supply. TRX circulating supply is over 66 billion coins, while the total supply is over 99 billion.

Even so, the coin is believed to be massively undervalued, with its current price sitting at $0.028129, according to TradingView. This price, together with a market cap of $1.88 billion, pushed the coin out of the list of top 10 largest cryptocurrencies, and it currently sits at 11th spot. But, many believe that this is not a permanent position for TRON. In fact, its community believes that it is only a matter of time before TRON rises through the ranks, and its price hits $1. And, the way for the coin to achieve this is believed to be through Binance.

TRON and Binance

Binance is one of the world’s…

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Altcoins

Why Tron (TRX) Price Won’t Remain Low for Long

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TRX
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TRON (TRX) has been one of the most popular cryptocurrencies in recent years. The project has achieved a tremendous amount of success in less than a year, and while the first birthday of its MainNet is approaching, TRON certainly continues to impress to this day.

With that said, its price is still noticeably low, and many would agree that the project is heavily undervalued. The low price even allowed other projects to push it out of the top 10 list, with TRX currently being the 11th largest cryptocurrency by market cap. However, it is likely that TRON will not remain undervalued forever, and that its price might soon see a surge that its entire community has been waiting for, for a long time now.

Why TRX might see growth soon

As many undoubtedly know, TRON is a lot more than just a cryptocurrency. It has developed a massive ecosystem, which offers a development platform for coins, smart contracts, and dApps. It also acquired BitTorrent last year for its Project Atlas, which will allow torrent users to earn crypto through participation in content sharing.

For this purpose, it also launched BitTorrent (BTT) token, which saw its launch on January 28, 2019 on Binance Launchpad. This was dubbed the most successful ICO in history at the time, although several coins launched since then have broken its record.

In addition,…

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