Bittrex, a cryptocurrency exchange platform, is set to launch USD trading for Ethereum Classic (ETC) and XRP. This is in line with the company’s vision to enable more fiat/crypto trading pairs on the platform.
Ethereum Classic and XRP USD Fiat Trading Pairs on Bittrex
The company announced the move in a post published on its website on Wednesday (August 8, 2018). According to the announcement, the company will be expanding its latest USD markets to Ethereum Classic and XRP on August 20.
The cryptocurrency exchange platform said that it will continue to add more tokens and markets using a phased approach, which is intended to allow time for proper evaluation on which tokens should be added to the USD market and when. Further explaining its expansion plans for its customers and the inclusion of USD pairs, the company said:
“As we continue expanding fiat markets to the top tokens on Bittrex, we’re not only offering customers a streamlined experience to purchase digital coins on Bittrex directly with US dollars, but we’ll also be offering customers USD trading pairs that may only be found on our platform. We’re going to continue adding tokens to our USD markets, providing our customers even more convenient, fast and secure trading options as well as access to some of the world’s most innovative blockchain projects.”
Bittrex’s plan to expand fiat markets to the top cryptocurrencies will curb the dominance of one token over other blockchain projects. Presently, Bittrex corporate and personal account customers who live in eligible states are entitled to apply for USD trading. The company has promised that more states will be added in the near future.
Growing ETC Adoption by Crypto Exchanges and Trading Platforms
The Bittrex announcement is the third major development for Ethereum Classic in the last couple of days. Both Coinbase and Robinhood, two prominent cryptocurrency trading platforms, recently announced that they would be offering support for ETC. The San Francisco-based Coinbase launched ETC trading on its institutional platform, Coinbase Pro, with the rollout on the retail side expected within the next few weeks. For the Menlo Park-based Robinhood, ETC is already available for zero-commission trading on its platform.