US cryptocurrency exchange Bittrex opens dollar trading but there’s a catch
US cryptocurrency exchange Bittrex has opened US Dollar trading on its platform, the company announced in a support blog. The Seattle-headquartered company now supports personal and corporate accounts for US Dollar (USD) trading, deposits, and withdrawals but there’s a catch.
Only international customers and those operating in California, New York, Montana, and Washington State with identity-verified accounts are eligible.
In order to start dollar trading, customers need to send a request to Bittrex to add their accounts to the USD markets. The company claims the process for personal and corporate accounts takes a few minutes and it will be approved in a few days.
Adding Bittrex account to USD markets: Step-by-step guide
For existing personal and approved corporate accounts:
- Click here: Fiat (USD) Trading Request
New Corporate Customers:
- Click here to submit a new corporate account request: Corporate Account Request
- Customers living in the United States in a state that is not listed can for now take part in USDT (Tether) markets. More states will be added soon to the eligible list, the company said in the blog post.
Regarding the timeline for other cryptocurrencies to get USD trading pair, the company said:
We’re starting with a limited number of pairs to evaluate our systems and processes, and our plan is to continue to add fiat trading to the top digital currencies on our platform. We’re reviewing the blockchain projects we already list, listening to our customers’ trading preferences and taking other important considerations into account as we decide which USD trading pairs will be next for fiat. Development teams with tokens currently listed on Bittrex may complete this form for consideration. Be sure to continue following our blog (click here) for exciting announcements about new USD trading pairs in the future.
Image via Shutterstock
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