Bittrex instigates both Litecoin (LTC) and Tron (TRX) into the USD markets - Global Coin Report
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Bittrex instigates both Litecoin (LTC) and Tron (TRX) into the USD markets

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In massive news for the cryptocurrency community, Bittrex has launched USD markets for two of the most popular cryptocurrencies in the world, Tron (TRX) and Litecoin (LTC). This comes only a week after the cryptocurrency exchange platform announced that they would list the coins.

For those who are unaware, Bittrex is one of the world’s leading cryptocurrency exchange platforms, and boasts a daily volume of tens of millions of dollars, with almost 200 cryptocurrency pairs available for investors and traders globally. Bittrex announced the move on Twitter and clarified that the accounts had to have been created before September 4, even to be eligible to qualify.

This is great news for cryptocurrencies who are concerned about one cryptocurrency dominating the other, as now investors and traders can directly exchange USD for 10 cryptocurrencies. These include bitcoin (BTC) and ethereum (ETC) obviously, but also includes popular cryptocurrencies such as Cardano (ADA), XRP, ZCash, Ethereum Classic, and more.

This also is a significant milestone for Tron in particular, as this is the first time that Tron has been paired with the USD in the United States, which was celebrated by the founder of the Tron Foundation, Justin Sun, in a tweet.

However, it should be noted that these markets are not merely available to everyone. Actually, it can only be accessed for personal and corporate accounts. As if that wasn’t exclusive enough, the ones who benefit from the market are international investors. In the United States, the only ones allowed to participate must live in the following states:

  • Montana
  • California
  • Washington
  • Puerto Rico
  • Arizona
  • Arkansas
  • New Mexico
  • North Dakota
  • Massachusetts
  • California
  • Colorado
  • Iowa
  • Kentucky
  • New York
  • West Virginia
  • Corporate customers operating in Pennsylvania
  • Missouri
  • Montana
  • Utah
  • Washington State
  • Wisconsin

Customers will also be required to fill out a form, and get approved by the Bittrex, before trading the pairs. While the entire process might not be the most convenient, it does mean that an important milestone was reached for Bittrex as a whole, and that more people will potentially be participating in the market, and that cryptocurrency dominance will be affected, on some level.

Also, there are two separate services available: “USD trading” and “USD trading, deposits, withdrawals.” This allows the customer to customize the service to their specific needs.

While the initial inconvenience might deter many in the market, the idea is that Bittrex adapts to the market overall and provides more options when it comes to investors and traders who might want to purchase a particular cryptocurrency directly, rather than through bitcoin and/or ethereum.

This comes at a much-needed time for both Tron and Litecoin, which are trading well below their all-time highs.

For context, Litecoin is trading at a little over $50, with its all-time-high at over $375, and Tron (TRX) currently trades at less than two cents, with its all-time high at around 30 cents.

Their market caps hover at around 3 billion and 1 billion, respectively. This is great news for both projects, and will likely mean an increased amount of volume for both Tron and Litecoin, although time will tell whether this leads to a substantial price increase.

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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. The author is long Bitcoin. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Photo by SpaceX on Unsplash

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Lotto Nation is Revolutionizing the Traditional Lottery Industry

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As the global economy continues to deal with the economic fallout due to the ongoing pandemic, companies are coming to terms with the fact that normalcy may not return for quite a while.  Many economists are wondering how the business landscape will look a year or more from now.  It’s certainly possible that many businesses, such as retailers and restaurants, may be unable to survive the current downturn.  But while some businesses will falter, others will emerge stronger than ever.

Traditionally, when economies go through a severe downturn, companies adapt.  Those that maintain the status quo usually have great difficulty while those that adapt prosper and conquer.  One possible example of this is Lotto Nation.  Thanks to the entrepreneurial skills of Nils Thomson, the Founder and CEO of Lotto Nation, the company is attempting to completely modernize the traditional lottery industry.

Current Lottery Model is Severely Outdated

It’s safe to say that nearly every human that has ever walked the earth has fantasized about winning the massive jackpot that would completely change their life.  These dreams have turned the global lottery industry into a $302 billion market that is expected to reach $380 billion by 2025.  Despite this predicted growth, the industry suffers from a variety of problems that are preventing it from really exploding.

Perhaps the biggest problem is that traditional lotteries are centralized.  Because of…

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Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve,…

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CoinFlip Scores Big with BRD Wallet Partnership

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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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