Skip to content

Blockchain News Feed

All the latest news on Blockchain & Cryptocurrencies

Menu
  • Home
  • News
  • Exchanges
  • Market Analysis
  • YouTube
  • Brave Browser
Menu

Bittrex Seeks Bank Partnerships to Enable Additional USD Trading Options

Posted on mei 31, 2018 by Blockchain News

A positive development is on the horizon in the cryptocurrency sector. Purchasing this particular type of asset still remains a big struggle. Users of the Bittrex exchange will have additional options at their disposal fairly soon. The company is working on finalizing banking agreements to introduce additional USD support.

Converting fiat currency to cryptocurrency still remains a problem in many countries. Even in the United States, a lot of room for improvements exists today. Bittrex is trying to make some inroads in this regard. The US-based exchange is looking to introduce USD-based trading to a select group of clients. To do so new partnerships with financial service providers need to be forged.

A Bold Proposition by Bittrex

For the time being, it is a bit of guesswork as to which banks are involved. Some sources claim Signature Bank is one of their upcoming partners. That is rather interesting, given New York state’s hostile approach toward Bitcoin and other cryptocurrencies. Even so, it would be a positive development for cryptocurrency users across the United States.

Bittrex CEO Bill Shihara comments:

“It’s been a long path. This is not just about banks being able to trust Bittrex. It’s about banks being able to trust crypto in general. And I think it’s really showing that crypto is turning the corner in terms of mainstream acceptance.”

When this partnership will materialize, remains to be determined. Banks are slowly showing an increased interest in Bitcoin and other similar currencies. Even so, the landscape remains very treacherous for cryptocurrency firms. Services can be suspended on a whim’s notice these days. For Bittrex, this is a major move, assuming they can pull it off.

By JP BUNTINX


Source: Coinpower News
Original Post: Bittrex Seeks Bank Partnerships to Enable Additional USD Trading Options

Ledger Nano X - The secure hardware wallet

Recente berichten

  • USDT issuer Tether has up to $1.7B in excess reserves, CTO says
  • Metaverse NFT Trading Hits New High, Crypto Daily TV 24/3/2023
  • Arbitrum airdrop: Hacked vanity addresses used to siphon $500K
  • Bitcoin Reclaims $28K After Enhanced Volatility, Litecoin Up 15% Weekly (Market Watch)
  • Bitcoin toont weerbaarheid, koers terug op 28.000 dollar

Categorieën

  • Altcoin Buzz
  • Altcoin Buzz News
  • AMBcrypto
  • Bitcoin.com
  • Bitcoinist
  • BTC Manager
  • CCN
  • Coin Mastery
  • Coindesk
  • Coinpower News
  • Cointelegraph
  • CryproSlate
  • Crypto Daily
  • Crypto News (.net)
  • Cryptocoin News
  • Cryptocurrency News
  • CryptoDaily.co.uk
  • CryptoPotato
  • CryptosRUs
  • Daily HODL
  • DataDash
  • Ethereum Worldnews
  • Exchanges
  • ICO's
  • Invest in Blockchain
  • Market Analysis
  • News
  • News BTC
  • Newsbit
  • Portfolio
  • Pricecheck
  • Ready Set Crypto
  • The Modern Investor
  • ToshiTimes
  • Use The Bitcoin

Archieven

  • maart 2023
  • februari 2023
  • januari 2023
  • december 2022
  • november 2022
  • oktober 2022
  • september 2022
  • augustus 2022
  • juli 2022
  • juni 2022
  • mei 2022
  • april 2022
  • maart 2022
  • februari 2022
  • januari 2022
  • december 2021
  • november 2021
  • oktober 2021
  • september 2021
  • augustus 2021
  • juli 2021
  • juni 2021
  • mei 2021
  • april 2021
  • maart 2021
  • februari 2021
  • januari 2021
  • december 2020
  • november 2020
  • oktober 2020
  • september 2020
  • augustus 2020
  • juli 2020
  • juni 2020
  • mei 2020
  • april 2020
  • maart 2020
  • februari 2020
  • januari 2020
  • december 2019
  • november 2019
  • oktober 2019
  • september 2019
  • augustus 2019
  • juli 2019
  • juni 2019
  • mei 2019
  • april 2019
  • maart 2019
  • februari 2019
  • januari 2019
  • december 2018
  • november 2018
  • oktober 2018
  • september 2018
  • augustus 2018
  • juli 2018
  • juni 2018
  • mei 2018
  • april 2018
  • maart 2018
  • februari 2018
  • januari 2018
  • december 2017
  • november 2017
  • oktober 2017
  • september 2017
  • maart 2017
  • juni 2016
  • juli 2014
  • september 2013
  • augustus 2013
©2023 Blockchain News Feed | Design: Newspaperly WordPress Theme