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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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Reasons Why You Are Much Safer When Crypto Trading on Dexes

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While many cryptocurrencies aim to bring the change to the world by bringing full decentralization, one aspect of the crypto space still remains mostly centralized, and that is the way they are exchanged. Most crypto exchanges are centralized companies, where traders and investors need to deposit their coins for safekeeping. This is a risky way to handle the funds, as exchanges remain susceptible to hacks and theft, as many realized recently, after the hack of the world’s largest exchange by trading volume, Binance.

During the hack, around 7,000 BTC (over $40 million) was taken, and sent to multiple wallets, never to be seen again — for now, at least. The hack also came as quite a shock, as Binance was known for its efficiency, security, and high levels of confidence. It also made people realize that their coins are not really theirs if they need to rely on third parties, such as exchanges, to keep them safe. As a result, many are now turning away from centralized exchanges, and are heading towards decentralized ones — also known as DEXes.

Here are some reasons why you might want to consider doing the same.

1. True ownership of your coins

The crypto community has a saying: “not your keys, not your coins.” The saying is now more relevant than ever, but it does not apply on DEXes. Decentralized exchanges

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Crypto Billionaire Predicts Massive Price Growth by 2021

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Crypto prices are once again going up, and Bitcoin has just passed a major resistance level at $6,000. With a situation like that, it is not surprising that everyone in the crypto community is looking forward to the future, wondering what to expect in years to come. Many experts have already given their predictions, some more optimistic than others, but almost all bullish.

Crypto billionaire Mike Novogratz has always been very supportive of cryptocurrencies, and very bullish on Bitcoin. He recently stated that he sees the coins’ prices triple in the following 18 months, meaning that Bitcoin’s return to $20,000 might not be far away, according to him.

He noted that Bitcoin is back to $6,000 after its price hit as low as $3,100 only a few months ago. These days, Novogratz does not believe Bitcoin will return to such lows unless there is a devastating exchange hack or a major shift in regulations. Of course, there was a big hack that had the potential to damage the coin’s price, only days ago. The world’s largest crypto exchange by trading volume, Binance, saw a significant security breach which resulted in a theft of 7,000 BTC.

However, so far, the coin did not react negatively to this incident. While Novogratz believed that such an event would shatter the new confidence in BTC, it simply did not happen. However, he…

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Altcoins

TokenRoll (TKR) Platform Will Take Online Casinos to the Next Level

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Corporate executives are turning to blockchain technology more than ever in an attempt to revolutionize the business world.  Although blockchain is still a relatively new concept, that hasn’t stopped more and more companies from jumping on the bandwagon.  This hot new technology has quickly gained a reputation for providing greater transparency, enhanced security, improved traceability, increased efficiency, and low costs.  One industry that could certainly benefit from decentralization is the online gambling market, specifically, online casinos.  TokenRoll (TKR) has developed a platform that appears to offer a promising alternative to centralized casinos.

Problems with Centralized Casinos

The primary reason why blockchain technology is being implemented so quickly is because it solves a lot of the problems typically associated with the traditional business model.  And online casinos are no different.  It still needs to be said that centralized casinos have proven that there is a great demand for online gambling.  The market is growing faster than anyone could have predicted, and future opportunities appear very promising and lucrative.  But industries are continually evolving and this one is no different.

A few of the problems facing centralized casinos include the following:

  • Little to no transparency
  • Consumer lack of confidence
  • Privacy concerns
  • 48-72 hour wait time for withdrawals

These are four monumental issues that need to be addressed quickly given the global growth of the market.  Casinos need to…

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