US Dollar (Fiat) Trading on Bittrex -- It’s Kind of a Big Deal

You might be wondering why it’s a big deal that Bittrex is offering fiat trading for customers. As an industry-leading trading platform, we offer one of the biggest selections of innovative digital tokens available around the globe. By adding fiat markets to the top digital currencies on our exchange, we’re providing our customers unique purchasing and trading options for digital currencies in a secure, robust and reliable environment with high liquidity.

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So why can’t everyone immediately participate in fiat trading on Bittrex?

We’re using a phased approach to establish the fiat market on Bittrex. It allows us to provide quality control and ensure customers experience the highest level of service possible. We’re rolling out the first phase today, which will enable fiat trading for approved corporate customers in qualified states and international regions. But don’t worry – this is only the beginning as we’ll continue to roll out additional phases to expand this offering to all qualified (non-corporate) customers over time.

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What requirements need to be met for fiat trading during the first phase?

During this first phase, fiat trading will be limited to approved corporate customers in the United States located in Washington State, California, New York and Montana. Qualified international customers may participate in the market as well. Like all customers who want to be active on Bittrex, fiat customers will be required to submit to both the standard registration process --including proof that they are operating in qualified U.S. or international regions -- as well as other specific fiat terms and conditions.

New corporate customers who want to participate in the fiat market should fill out our corporate account request form, and current corporate customers should apply for fiat trading by completing the fiat trading enablement request form. Just remember, we’ll be rolling out additional phases to enable all qualified customers an opportunity to participate in the fiat markets on Bittrex, and we’ll share more details shortly about how non-corporate customers may apply.

What does Bittrex get from adding these markets?

Every action we take is based on further advancing blockchain technology. We not only incubate the world’s most inventive blockchain projects on our trading platform, but also provide our customers access to tokens with unique and valuable use cases. And, the next step we’re taking to increase adoption of this ground-breaking technology is to offer our customers convenient, fast and secure fiat markets. We’ll start fiat markets on Bittrex with Bitcoin (BTC), Tether (USDT) and TrueUSD (TUSD), and additional markets will be added in the near future.

When will my favorite crypto-currency get a USD trading pair?

As mentioned earlier, we’re starting with a limited number of pairs to evaluate our systems and processes, and our plan is to continue to add fiat trading to the top digital currencies on our platform.  We’re reviewing the amazing blockchain projects we list, listening to our customers’ trading preferences and taking other important considerations into account as we decide which USD trading pairs will be next for fiat. Development teams with tokens currently listed on Bittrex may complete this form for consideration. Be sure to continue following our blog for exciting announcements about new USD trading pairs in the future. 

We’re always exploring new, innovative blockchain projects and market opportunities, like fiat, that continue to uniquely position Bittrex in the industry. Also, our ardent commitment to security, compliance and incubating innovative blockchain projects provides customers and token teams confidence in the long-term growth of the platform. Today’s announcement is just the beginning -- we’ve got a lot planned this year to further expand the business and provide new opportunities for our customers.

 

 

 

Posted on May 30, 2018
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