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Bittrex opens USD trading services with Bitcoin [BTC] and other cryptocurrency pairs

Priya

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Bittrex opens USD trading services with Bitcoin [BTC] and other cryptocurrency pairs
Source: Unsplash

Bittrex, a leading cryptocurrency exchange platform based in Seattle opened US Dollar trading on their platform. The exchange platform has also sent across a mail to all the eligible customers and corporate accounts. Bittrex users can either choose ‘USD trading only’ or ‘USD trading, deposits and withdrawals’ from the platform to enable their account.

Bittrex U.S Market Trading || Source: Reddit

Bittrex U.S Market Trading || Source: Reddit

The customers have to fill out a form first and then get an approval from the exchange platform. Once the user is deemed eligible, their account will be enabled for trading.

According to the support blog, users who reside in the United States in California, Washington State, New York State or Montana and qualified international customers are eligible to participate in the trading. People who do not reside in the above-mentioned states can participate in the platform’s Tether [USDT] market. The platform is working towards adding more states for the U.S. market.

Customers opting for ‘USD trading only’ service can trade with the BTC/ETH/USDT or any other cryptocurrency pais available on the exchange platform. If the user wants to switch the account to USD deposit and withdrawal account, they can do so by submitting a fiat [USD] trading request form again along with the bank details. The users can have multiple bank accounts for this service.

Lordguesnbury, a Redditor says:



“I’m glad to hear this. I’ve had good experiences with Bittrex in the past (minus not being able to trade in USD) so I hope it will be a boost to the crypto industry, and make access easier. When access is easier, adoption is more likely so hoping this will be a positive thing for all.”

Flying_mangoose69, another Redditor says:

“The market cycle cares not about such things unfortunately.”

Joseph Todaro, a Twitterati says:

“With Coinbase adding more assets. Circle expanding OTC assets. Bittrex opening USD trading. Robinhood jumping into the game. The on roads for retail to get from USD to other cryptoassets are growing rapidly. They are all getting ready for the next bull run.”





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Priya is a full-time member of the reporting team at AMBCrypto. She is a finance major with one year of writing experience. She has not held any value in Bitcoin or other currencies.

Bitcoin

John McAfee says he will reveal Nakamoto’s identity, Coinbase expands to 11 countries, and more

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John McAfee says he will reveal Nakamoto's identity, Coinbase expands to 11 countries, and more
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Daily Crypto News – April 18

1. John McAfee on Satoshi Nakamoto: The Founder of McAfee Associates stated that he would narrow down on the identity of Satoshi Nakamoto until he reveals Satoshi himself, otherwise he would reveal his identity to the crypto community. He also spoke about how he knows about Satoshi, to read about it, click here!

2. Coinbase expands its services to more countries: The leading exchange platform announced that it expanding its services to 11 more countries, which includes India, South Korea, and New Zealand. People in these countries can avail services provided on Coinbase.com, Coinbase Pro and its app on iOS and Android.

To know more about the countries Coinbase has expanded to, click here!

3. Craig Wright says the crypto-community want to silence him: Craig Wright, the self-proclaimed Satoshi Nakamoto, stated that the majority of the community was against him as they “desire to silence” him because they see someone who would bring an end to scams and pumps and dumps.

He also spoke about the next steps he would be taking in terms of the legal action concerning his defamation case. To read about it, click here!



4. Binance “marks the birth of a new genesis block”: The largest cryptocurrency exchange in terms of trade volume announced the launch of its Decentralized Exchange, and also stated that the mainnet swap would take place on 23 April 2019.

To read more about Binance DEX, click here!





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