Bittrex declares development of Bittrex International; plans to go beyond US
Bittrex, a U.S. based crypto exchange has made an announcement on 10th September about the development of Bittrex International Inc. A Bittrex Inc. affliate, this new venture will focus on the businesses that operate beyond the borders of United States.
The primary focus of this new body would be the management of blockchain based business enterprises. This will eventually provide an impetus to the adoption of the advanced technology, worldwide. The fundamental purpose behind the formation of this company is owning the businesses operating in the international sphere.
In this context, the CEO of the trading exchange, Bill Shihara has commented, “At Bittrex, we’re using our secure, reliable and innovative platform technology to power the blockchain revolution.” The initiative, thus, seeks to bring about a blockchain revolution. He has further stated, “Through our U.S-based trading platform, and our growing network of partner exchanges around the world, Bittrex is making blockchain technology and digital asset trading more accessible to the global community. Bittrex International and its subsidiaries will further advance our work to increase adoption of this revolutionary technology by streamlining the process of identifying and listing some of the world’s most innovative blockchain projects.”
The exchange enters Malta
The latest development involves the expansion of the exchange to Malta by launching a digital asset trading platform named Bittrex Malta Ltd. This newly developed exchange happens to be a secured and a genuine one built on the advanced blockchain technology. The function of the exchange involves the production of tokens and digital coins to get enlisted on the trading platform. These crypto coins aim to build trust among the investors trading on the platform. However, under the regulations framed by the Government of Malta and the European Union, this cryptocurrency exchange operates.
The crypto exchange was founded four years back in 2014 with just three engineers dealing with cybersecurity. The platform facilitates real time trading and other security practices relevant for the industry. In the first week September, the platform has delisted Bitcoin Gold [BTG], a popular hard fork of Bitcoin. Also, in August, the exchange has launched ADA/ USD trading pairs along with ZCash.
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