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XRP/USD and ETC/USD Trading pairs are coming on Bittrex
Editorial Team

Bittrex is one of the leading exchange platforms in the world. On August 8, the platform announced the launch of USD markets for XRP (XRP) and Ethereum Classic (ETC), which will happen on August 20, 2018.

On Twitter, the exchange platform announced:

“Get ready – we’re adding more US dollar (USD) markets on @BittrexExchange. On August 20, we’re launching USD (fiat) markets for ETC & XRP.”

According to Bittrex, they selected to launch XRP/USD and ETC/USD trading pairs in order to enable their customers to buy cryptocurrency directly with USD and to provide this facility to customers that will only be listed on their exchange platform as well.

Additionally, Bittrex stated that the USD pairings is a step towards the adoption of Blockchain technology and an effort for reducing the dominance and the influence of one particular cryptocurrency on other tokens.

Bittrex said:

“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.”

Customers can avail the “USD trading only” or the “US trading, withdrawal and deposit” option provided by the platform. Only customers with a personal account or corporate accounts can be benefited by this service. Furthermore, only customers who live in California, Washington State, Montana and qualified international customers are eligible to participate in the USD markets. However, according to the platform, more states will be adding to the new market soon, reported.

Currently, after the two additions, Bittrex will have a total of six cryptocurrencies in their USD market. The other four cryptocurrencies are Bitcoin (BTC), Ethereum (ETH), Tether (USDT) and TrueUSD (TUSD).

XRP Trump, an XRP and Ripple enthusiast says:

“Good. Now let’s see if BTC and ETH can compete with XRP on a more level playing field. It’s easy to exploit network effects when users don’t have a choice but now it’s a choice between 3.5s transfer for 0.00001 XRP vs 1-hour transfer for a few bucks!”

Crypto_n_more, a Twitterati says:

“@coinbase they coming for you in all angles, better hurrah up with them … listings with the quickness or you will be forgotten by next year, remember #CRYPTO moves fast…. and @BittrexExchange is making chess moves on you…..”

Shubham, another Twitterati says:

“Bittrex will add USD trading pair with Xrp after 20 August. One step towards decoupling from bitcoin”