Bittrex International, recently launched by Bittrex, a US-based blockchain platform recently announced that the digital trading platform would feature a streamlined token approval process in order to provide better trading options for qualified international customers.
The trading platform which was previously known as Bittrex Malta stated in an official report that they would start a brief evaluation period over the coming weeks to ensure optimal operations for its users.
The platform also stated that the streamlined token approval process could be completed within weeks as opposed to the earlier process which used to take months of time. Furthermore, the new listing process will ensure that token teams will get access to the platform’s network of international exchange partners.
All the tokens including the current and new tokens listed on Bittrex.com will be listed on Bittrex International and the platform will ensure that the regional regulatory environment is not affected.
CEO of Bittrex, Bill Shihara stated that Bittrex International was very efficient in the token listing process. In addition, the secure and advanced trading platform technology of Bittrex International will enable innovative blockchain projects to its customers very quickly. He added:
“We are committed to being a driving force in the blockchain revolution by increasing adoption of this innovative technology around the world.”
Bittrex’s standard initial review process has been established to evaluate the authenticity and quality of the token. After the initial review, qualified projects will be directed to adhere to the process described by the Malta Virtual Financial Assets Act.
Furthermore, Bittrex International will concentrate on working within the regulatory structure which has been established by the Government of Malta and the European Union. Additionally, they will abide by the Malta Virtual Financial Assets Act, also known as the VFA Act.
The trading platform will supposedly act under a twelve-month period granted by the VFA Act and will further become a regulated exchange platform by applying in the Malta Financial Services Authority who is the only regulator for financial service projects in Malta.
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