Bittrex confirms the implementation of operations with dollars to institutional clients | CryptoNews

Bittrex confirms the implementation of operations with dollars to institutional clients | CryptoNews

 

Initially its offer of changes will be for peers with Bitcoin, Tether and TrueUSD. For regulatory reasons this exchange possibility will only be available in Washington DC, California, New York and Montana, although the company expects to expand its operations.

According to Shihara the bank’s willingness to work with them, it not only supposes an opportunity to attract new investors but a challenge that serves to elevate the functioning of its security protocols. “They want to make sure we have robust AML / KYC processes, that we have the right controls in our finances. They do background checks and everything, “he said.

The news had already been released by Shihara although only now have more details been known. Recall that in early February of this year. The executive reported that Bittrex planned to enable operations with dollars (USD) for some of its clients. This was said in an interview offered to the online radio station Unikrn, with Raul Sood, although at the time he did not offer more details.

Shihara had also pointed out that given the portfolio of customers who manage, only corporate customers can perform this type of operation. “ Bittrex will never be a retail store and average customers, who know nothing about cryptocurrencies, should not trade Bittrex,” he said at the time.

Bittrex has more than 3 million users subscribed The exchange house has a daily volume of more than 97 million dollars, where Bitcoin, TRON, Waves and Cardano are the currencies that represent the highest exchange levels in the platform, currently.

Featured image by Slavko Sereda / stock.adobe.com

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