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

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Ripple

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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Altcoins

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

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Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.

NFTs are already being actively traded in markets globally. For…

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Altcoins

Should Crypto Projects Devote Resources to Community Growth and Marketing?

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2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for.  While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory.  When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion.  But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.

I mention both of the above projects as they have each taken slightly different paths to achieve greatness.  Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion.  Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special.  Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.

Cryptocurrency vs. Blockchain Technology

It’s important to make a distinction between blockchain technology and cryptocurrency.  Although they are often used interchangeably, they are different.  Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…

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Altcoins

XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

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Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021. 

“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.

He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”

Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”

Mr. Yamagata has been…

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