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.
Bittrex Tweeted:
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.
Why Are Gaining Traction in 2025 The blockchain world is buzzing with excitement as we…
The cryptocurrency market is facing a tough time. Trading volumes have dropped seven times lower…
Is the Here? A Chilling Look at Collapsing Volumes The buzz around crypto has gone…
In the fast-moving world of crypto and blockchain, smart investors are eyeing for big gains.…
Ever Felt Lost in Blockchain Jargon? Blockchain sounds cool, but it often feels like a…
Why the Might Ditch the Over Gaps The world of crypto is buzzing with talk…