Bittrex had announced that back in May that they will be adding Fiat pairs to various Cryptocurrencies, Bittrex has a Crypto to Crypto trading platform right from its inception until recently.
Bittrex initially had introduced fiat pairs for Bitcoin [BTC], Ethereum (ETH), TrueUSD (TUSD) and Tether (USDT). Earlier this month Ripple [XRP] and Ethereum Classic [ETC] were the new additions for USD markets.
USD pairs for Zcash were first added by US-based Gemini exchange led by the Winklevoss twins which cleared the path for other exchanges as there was uncertainty as to whether privacy coins like Zcash would be a violation of the law. But as Zcash has a privacy feature which is optional unlike Monero, exchanges can enable only the transparent transactions.
It is also interesting to note that both Zcash and Cardano are being explored to be added to Coinbase which is the largest exchange in the US. The addition of these coins to Bittrex could be a tell-tale sign that they are likely to be listed on Coinbase. Other coins which are being explored by Coinbase are Basic Attention Token [BAT], Stellar [XLM] and 0x [ZRX].
Bittrex has over 200 Cryptocurrencies on its platform, it can be expected that more USD pairs will be added eventually for tokens that they expect not to be securities.
Also Read:
Discuss this news on our Telegram Community. Subscribe to us on Google news and do follow us on Twitter @Blockmanity
Did you like the news you just read? Please leave a feedback to help us serve you better
Disclaimer: Blockmanity is a news portal and does not provide any financial advice. Blockmanity's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Blockmanity won't be responsible for any loss of funds.
Spokane Valley's Bold Move: Banning to Stop Scammers in Their Tracks In a direct attack…
Bitcoin Tumbles: How and Iran War Are Hammering Crypto Markets The crypto world is feeling…
A Once-Ridiculed Asset Class Goes Mainstream Not too long ago, talking about Bitcoin or other…
Introduction to Tokenization and Its Power Tokenization is changing how banks and financial firms move…
Iran's : Why Bitcoin Lags as War Hedge Amid Strait Crisis In the tense world…
The Perfect Storm Hits: and RisingRight now, the world is watching an energy crisis unfold…