The latest developments in the Bittrex world include a new international affiliate focusing on blockchain technology and a move to Malta.
Bittrex has been keeping very busy these last couple of weeks. The exchange introduced two new trading pairs, allowing their USD market clients to now also trade in Ethereum and in Ripple. Next, the exchange partnered with Rialto Trading, a registered trading platform looking to trade SEC-deemed security tokens in the future.
A Global Focus on Blockchain
Now, the exchange has announced its new affiliate – Bittrex International Inc. The platform’s Communications Team stated that the latter would focus on blockchain technology, which involves owning and managing blockchain-based businesses all around the world. The CEO of the exchange, Bill Shihara, explained:
At Bittrex, we’re using our secure, reliable and innovative platform technology to power the blockchain revolution. Through our U.S-based trading platform, and our growing network of partner exchanges around the world, Bittrex is making blockchain technology and digital asset trading more accessible to the global community. Bittrex International and its subsidiaries will further advance our work to increase adoption of this revolutionary technology by streamlining the process of identifying and listing some of the world’s most innovative blockchain projects.
The statement further described the new affiliate as “a driving force in the blockchain revolution, increasing adoption of this innovative technology around the world”.
Bittrex Finds A Second Home in Malta
The first order of business for the global enterprise is setting up shop in crypto-friendly Malta. Bittrex Malta Ltd. will be a digital asset platform based on the exchange’s existing technology and will not only list tokens, but also actively encourage global trust and adoption of virtual currencies.
This will be done with the help of Bittrex’s global web of exchange partners, which will be able to launch the tokens on their own platforms. The Maltese-based exchange will, of course, be adhering to regulations issued by the European Union and Maltese Government.
Malta continues to be a drawcard for exchanges looking to break into the industry or to circumvent their own country’s strict regulations. Binance has said that they would open an office on the island, while Bitmora has also traded the frosty crypto reception of the US for the warm welcome of Malta.
This is not the only partnership that Bittrex has entered into. The exchange also started working with Invest.com to launch a new trading platform for clients in the European Union.
Bittrex’s exciting news comes in the wake of the exchange delisting Bitcoin Gold (BTG) after the latter suffered a multimillion-dollar hack.
What do you think of Bittrex focusing on blockchain technology? Do you think they’ll find even more success in Malta? Let us know in the comments below!
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