Bittrex to launch a US Dollar market for Bitcoin Cash tomorrow
On the last week of September, one of the most popular cryptocurrency trading platforms, Bittrex, officially announced to the world their intentions of supporting Bitcoin Cash (BCH), the 4th largest virtual currency in the world in the US dollar market.
According to information made public, the official date of the Bitcoin Cash US market launch will be on 3rd October. Also, traders and investors who activated their Bittrex accounts before 5th September are already entitled to the US dollar exchange. The exchange Tweeted, today:
— Bittrex (@BittrexExchange) October 2, 2018
In a few hours, 3rd October, cryptocurrency exchange, Bittrex, will be launching the much awaited and exciting US dollar market for Bitcoin Cash (BCH).
Preceding to the listing BCH, Bittrex also added Tron (TRX) and Litecoin (LTC) into their growing portfolio recently pairing them with US dollar to its platform.
During the time Bittrex was onboarding Tron (TRX) on its platform, the exchange was quick to make it known that they were the first platform that facilitated the US dollar market for Tron (TRX) in the United States.
Bittrex also made it clear the importance of launching assorted US dollar markets for virtual currencies. By creating and launching diverse US dollar markets, the platform aids in avoiding a single or a particular virtual currency holding dominance in the crypto market.
Brief History of Bittrex Exchange and their Contribution in Allowing Investors Swap Dollars for Virtual Currency
Thanks to the recent endeavors of Bittrex, investors, and traders can now buy virtual currencies using US dollars.
Bittrex, a cryptocurrency exchange that is based in Seattle has bumped into an understanding with the relevant market players to allow investors and traders to purchase digital assets with American dollars.
Regarded widely as one of the most secure virtual currency’s exchanges in the United States, Bittrex has a custom exchange engine developed to execute and process orders efficiently and quickly.
The exchange company was founded by ICT and security experts in 2014 who had more than 50 years of combined skill and knowledge. The headquarter of Bittrex is in Las Vegas, Nevada and its commitment to security is unmatched as it offers a wide variety of virtual currencies that are solely confirmed as trustworthy digital coins/assets.
Apart from Bitcoin Cash (BCH), Bittrex cryptocurrency platform has other relevant digital coins listed on their platform for trading. Such digital assets include Zcash (ZEC) and Cardano (ADA) although the crypto exchange is limited regarding geographical coverage.
Growing demand from potential customers is on the rise, bombarding the management of the exchange to expand their services to all quarters of their jurisdiction.
Recently, Bitcoin Cash (BCH) has been in the limelight for all the right reasons. Last week, the BCH experienced a sudden appreciation of price increase by 20 percent adding over 1 billion US dollars to its market capitalization.
News revolving around the sudden price surge in Bitcoin Cash (BCH) prices introduces Bitmain’s IPO filing, a mining giant. According to analysts, since Bitmain held huge reserves of the digital coin, a portion of the funds from the multi-billion-dollar fundraising will likely be put to task in the development of the cryptocurrency.
Also, apart from Bittrex, Bitcoin Cash has been receiving massive adoption in the market. Recently, Gemini, a reputable cryptocurrency exchange in the league of Bittrex, got the regulatory go-ahead to add Bitcoin Cash (BCH) to its trading platform.
According to official sources, BCH will be listed shortly on Gemini. And going by the recent activities, the Bitcoin Cash platform is making significant improvements in their system by adding new upgrades that contain censorship-resistant file storing system.
For the global insights every crypto trader must have, apply for Elite membership!
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.
Photo by Jonas Verstuyft on Unsplash
The post Bittrex to launch a US Dollar market for Bitcoin Cash tomorrow appeared first on Global Coin Report.
Read more at https://globalcoinreport.com/bittrex-bitcoin-cash-usd-market-launch/