Cryptocurrency exchange Bittrex is unfurling phase two of its new fiat trading platform, giving select retail and corporate traders the option to buy cryptocurrency with US dollars.
Initially Bittrex is inviting people in New York, California, Washington and Montana. After a period of testing, the Seattle-based exchange plans to allow all of its customers to participate.
For now, the dollar is paired with Bitcoin (BTC), Tether (USDT) and TrueUSD (TUSD), but that’s expected to change in a major way.
Bittrex says it plans to roll out a series of new USD pairs – including pairs that may only be found on its exchange.
“With almost 200 digital tokens listed, including some of the most innovative blockchain projects in the world, we have a deep pool of good candidates to consider for USD trading pairs. Our current USD markets include BTC, USDT and TUSD; however, in addition to methodically adding more customers, it probably won’t be too much longer before we start adding new USD pairs – pairs that may only be found on our platform.”
Bittrex is the 16th biggest exchange in the world by volume.
Binance, the world’s largest exchange by volume, is rolling out a euro-to-Bitcoin fiat pair sometime this year, following its relocation to Malta.