Bittrex Is Launching USD Pairing For ETC And XRP
The US-Based Crypto exchange Bittrex is launching Fiat pairings (USD) to two more Cryptocurrencies- Ethereum Classic (ETC) and Ripple (XRP).
Bittrex had announced back in May that they will be adding Crypto to fiat pairs after landing a bank partner, currently, the fiat pairings include Bitcoin (BTC), Ethereum (ETH), TrueUSD (TUSD) and Tether (USDT).
Fiat markets for Ethereum Classic (ETC) and Ripple (XRP) will be launching on August 20th as per the announcement, possibly other market pairings will be added to XRP and ETC eventually.
It is interesting to note that XRP is being added in spite of the debate of it being a security, the SEC has clearly stated that if the Cryptocurrency is decentralized enough like Bitcoin or Ethereum then it won’t be considered a security, a lot of people have claimed that XRP is centralized under the control of the company Ripple.
Ripple inc has clearly stated repeatedly that XRP is independent of the company and will function even in the absence of the Ripple, which has created a lot of confusion among Crypto enthusiasts who await a clear signal from the SEC, the listing of XRP by Bittrex who is known for due diligence could possibly be an indication that XRP is not a security.
Ethereum Classic was recently listed by the competitor of Bittrex, Coinbase and has seen an appreciation of value and lot of hype despite the bear market. Ethereum Classic can be called the original Ethereum chain which was split into Ethereum (ETH) and Ethereum Classic (ETC) after the DAO hack back in 2016.
Get ready – we’re adding more US dollar (USD) markets on @BittrexExchange. On August 20, we’re launching USD (fiat) markets for ETC & XRP. https://t.co/UVlW4g2B1h
— Bittrex (@BittrexExchange) August 8, 2018
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