Crypto Exchange Bittrex Believes Ripple’s XRP Is Not a Security, Adds Fiat Pairs for XRP and Ethereum Classic (ETC)
San Francisco-based cryptocurrency exchange Bittrex says it’s pairing XRP and ETC with the US Dollar.
The new pairs are expected to launch in less than two weeks.
— Bittrex (@BittrexExchange) August 8, 2018
The Bittrex listing highlights the exchange’s belief that XRP is not a security and comes at a crucial time, as Ripple faces several securities fraud lawsuits.
In May, Bittrex said the company “uses a robust digital token review process to ensure the tokens listed on the exchange are compliant with U.S. law and are not considered securities.”
Bittrex is slowly rolling out its USD markets, enabling the option for an increasing number of pre-approved customers.
“As we continue expanding fiat markets to the top tokens on Bittrex, we’re not only offering customers a streamlined experience to purchase digital coins on Bittrex directly with US dollars, but we’ll also be offering customers USD trading pairs that may only be found on our platform.
We’re going to continue adding tokens to our USD markets, providing our customers even more convenient, fast and secure trading options as well as access to some of the world’s most innovative blockchain projects.”
Ethereum Classic also shot up more than 30% on news that it is now listed on Coinbase.