Bittrex Confirmed USD Deposits & Pairings
Now that they’ve released their first implementation of USD trading pairs on their platform, suffice it to say that Bittrex confirmed USD deposits as well. For you corporate customers in Washington, California, New York and Montana, you can use USD to purchase Bitcoin (BTC), Tether (USDT) and TrueUSD (TUSD). It seems that US regulators are lifting the pressures that have been pushing against crypto for some time now showing that cryptocurrencies have a place in the markets. Soon, according to the CEO, and founder, of Bittrex, 200+ tokens on the platform will offer USD trading.
Checks & Balances
Bill Shihara has also announced that they’ve done the due diligence to check each token individually making sure they meet the requirements to be considered a commodity and not a security. These are the tokens that will be paired with USD. Additionally, they’ve confirmed their choices with US lawyers to ensure proper coverage of regulations so they could be compliant in the United States.
As the crypto-space envolves, its important to note this step as history in the making. Now that Bittrex confirmed USD deposits, it’s all in good time that other exchanges will continue to add USD pairings as well. Even though it isn’t as strong of market as it was back in late 2017, reaching over 800B according to CoinMarketCap, this is clearly huge news. Despite the coverage it may be getting by major news outlets, don’t let this go unspoken because never before have we seen such availability with USD to other tokens. With this addition to the crypto market, it won’t be long until Bitcoin is not the controlling one. This gives legs for many other tokens to stand on stamping a seal of approval for years to come.
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