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Bittrex to Pair Ethereum Classic (ETC) and Ripple (XRP) with Fiat

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A big announcement involving Ripple (XRP) and Ethereum Classic (ETC) came this Wednesday, August 8, when Bittrex announced plans to add fiat pairing to these two cryptos.

New trading pairs to be introduced on Bittrex

Back on May 31 of this year, Bittrex stated that it offers fiat trading for all corporate customers. Additionally, the exchange hinted that it might soon be adding new crypto/fiat pairs. At that point, the exchange only paired Bitcoin (BTC), TrueUSD (TUSD), and Tether (USDT) with traditional currencies.

However, the exchange said that this list might expand soon, in order to establish better quality control and make sure that the customers are getting the best service that the exchange has to offer. Back then, Bill Shihara, the exchange’s CEO, said that Bittrex is considered to be one of the leading advocates of the blockchain technology. As such, the exchange commits a lot of its efforts to listing new tokens with the best applications in the sphere of business.

However, they also need to be among the most innovative blockchain projects in order to be considered. By adding new crypto/fiat pairs, the exchange hopes to help the adoption of crypto technology, and it aims at allowing more options for its customers in their crypto trading.

Only two weeks after that, on June 14, the exchange announced rolling out what they called the ‘next phase’. The plan was to invite additional groups of customers from the retail industry to become participants in the USD markets. Finally, almost two months after that, the exchange decided to finally add two new crypto/fiat pairs. And so, on August 20, they are expected to launch XRP/USD and ETC/USD pairs.

According to the exchange’s announcement, they are very excited about adding these new pairs. The statement also said that they are not only allowing new pairs that would make their purchase and exchange more direct and practical but are also the only exchange that is currently offering them. Additionally, they plan to continue adding tokens to this market, so that the customers would have access to even more secure, convenient, and fast trading options.

Bittrex plans expansion one step at the time

With the addition of these two coins, the exchange’s customers will now have access to BTC, USDT, ETH, TUSD, ETC, and XRP. Initially, this will only be applied to those customers that are invited to be participants of the rollout. When asked who can apply for the rollout, Bittrex stated that, for now, that list is limited to personal and corporate account customers. There are two different forms for applying, one for corporate customers, and another for personal account customers, which need to be filled.

The exchange’s customers that are currently located outside of the locations that are currently approved will also receive access over time. The exchange has only started with its plan to expand and develop further, and each new phase will bring new updates, additional information, and more.

This is a big move that will significantly increase the liquidity of ETC and XRP, especially within the United States. Not only that, but it also indicates that Bittrex has finally moved on from considering Ripple a security, and is confident that the SEC will do the same.

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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.

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Blogs

What Changes May the Crypto Space Experience in 2019

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After the crypto hype of 2017, a lot of newly-arrived crypto enthusiasts were caught off-guard by the price crash and bear market that took over in 2018. One month after another, investors were waiting for things to change, and for another bull run to take place. Unfortunately, this did not happen in 2018, and while the year’s final days were seemingly stable, the rally everyone wanted to see has failed to arrive.

However, crypto investors remain optimistic, with many of them hoping to see some changes arrive in 2019. There are rather great expectations of this year, especially since the last one failed to deliver. However, many are interested in what exactly is to be expected in this year, which is what we will talk about today.

Bitcoin ETF approval

The US SEC’s decision regarding Bitcoin ETFs was one of the most anticipated events throughout 2018. Sadly, the decision constantly got delayed, and the SEC never actually provided an answer. The last delay has pushed the decision into 2019, and it is now expected to arrive on February 27.

Historically, the SEC was never ready to approve Bitcoin ETF, and many believe that the delays came due to the fact that the market was not ready for then in 2018. This is backed by the fact that the SEC rejected multiple application throughout the year. VanEck and SolidX…

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Reasons Why 2019 May Be A Great Year For Crypto

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The new year was always considered to be a time of new beginnings, where people can reflect on the past and learn from their mistakes in order to be better in the future. The same is true for the world of crypto, and investors around the world are hoping for 2019 to be better, more profitable, and to have more success than 2018.

The hope for the future is even more important when we consider all the negative development in 2018. There were numerous high-profile hacking attacks, two market crashes, with a strong bear market in between. Not to mention that some of the biggest projects that may have brightened the year a bit ended up being delayed.

With that in mind, it is understandable why investors are looking forward to the new year and all the potential development that it may bring. In fact, there are several reasons why they should be excited about 2019.

1) Bearish market to loosen its grip

The first reason why 2019 can be a good year digital currencies is that it may finally break free of the bearish grip that has been felt ever since last January. Following the first market crash, the bears settled in, and the prices kept falling for an entire year. The market attempted to shake off the negativity on several occasions, with the biggest one being…

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3 Coins with the Largest Potential in 2019

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coins
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2018 has been a pretty bad year for digital coins, and after the initial market crash that occurred a year ago, everyone was expecting a bull run that will fix things. Obviously, it never arrived, and instead of that, all that crypto market experienced was an entire bearish year and another crash in mid-November.

Now, however, it is a brand new year, and attempts to shake off the bears’ grip can be seen even in these first two weeks. The market is still struggling and mostly losing value, rather than gaining, with most coins being in trouble once more. Still, a lot can happen in a year, and most investors remain optimistic regarding 2019. Here are some of the coins that are believed to have tremendous potential, and to be the hope of this year.

  1. Bitcoin (BTC)

Of course, Bitcoin comes first. This is the first cryptocurrency which is still dominating the market, with no other coin being even close to its market cap or price. BTC is the coin that has reached the most prominent heights, and it also lost the most in the previous year. However, there is still hope, as there are several projects and events scheduled for this year that might turn things around for the number one coin.

One thing that is expected is the approval of Bitcoin ETFs…

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