Bittrex, one of the largest cryptocurrency exchanges, has announced the future addition of XRP and Ethereum Classic trading pairs against the US dollar. The move is part of the company's “phased approach” to building out dollar trading on its cryptocurrency platform. The changes will take effect on August 20, 2018.
The launch of XRP/USD and ETC/USD trading pairs on one of the largest exchanges will undoubtedly significantly affect the trading volume of these cryptocurrencies, as well as their price. It is also worth considering that the addition of trading pairs on Bittrex roughly coincides with the listing of Ethereum Classic on Coinbase, so August 20th could be a profitable day for ETC investors.
In an official statement, Bittrex said:
“We will continue to take a phased approach to trading the US dollar. We are taking our time, developing existing markets, carefully researching assets before opening them up to our clients. The good news is that you won't have to wait long for new opportunities. On August 20th, users will have access to exchange US dollars for BTC, ETH, USDT, TUSD, ETC and XRP
Today's announcement is another step towards further adoption of blockchain technology, which is truly revolutionary. Our marketplace will help limit the dominance and influence of one token over other blockchain projects - a change that is necessary if we truly want to provide consumers and entrepreneurs with the full benefits of the technology.”
ETC is currently the fourth most traded cryptocurrency on Bittrex, and XRP is the eighth. This fact proves that both digital currencies are already benefiting greatly thanks to Bittrex. By merging them with the US dollar on August 20, Bittrex will give its customers the ability to purchase XRP and ETC directly with the US dollar, rather than having to go through multiple exchanges.
According to https://cryptodaily.co.uk
You May Also Like
Binance has restricted access to some Nigerian accounts
Frustrated Binance users from Nigeria launched a boycott of the exchange, accusing it of groundlessly blocking customer accounts. Binance said it is committed to working with law enforcement to ensure the safety of the community and combat fraudsters in the cryptocurrency sector.
DeFi Crosschain Network Aleph.im to Roll Out Pre-Listing Subscription on ProBit Exchange’s Exclusive
With the latest conclusion of its premium lasting platform for Bluzelle, ProBit Exchange is charging ahead with their 2nd of 4 ProBit Exclusive slots in November for Aleph.im starting November 11. The breakneck pace at which the exchange is launching their Exclusive platform is part of its ongoing commemorative 2nd birthday event with 50,000 USDT for eligible participants until November 30.
