The Bittrex currency exchange will soon provide an opportunity to trade Ethereum Classic and Ripple against the US dollar. Thus, the stock exchange wants to attract more American investors, which in turn will increase the pace of introduction of the crypto currency.
This became known against the backdrop of another news from Bittrex, in which the exchanger announced its plans to expand the listing and provide an opportunity to trade in pairs with a large number of fiat currencies.
"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," the company said.
One of the cryptoanalysts of the CryptoVest publication commented on this news:
"Bittrex is one of the older exchanges fighting to regain ground lost. The addition of XRP means the asset will be even easier to acquire for cash, potentially leading to its appreciation. But for now, XRP trading has a share of just 2.99% of the entire crypto market, with around 12% of its trades happening against the USD and about 14% against USDT."
Bittrex expands, and behind this growth XRP and ETC will now stand. The popularity of altcoins is also growing and the exchange wants to win from this. In general, this is good news, but they did not have a particular impact on the price of these cryptocurrencies. XRP increased by 3.64%, and ETC by 0.64%. All this small growth occurs in the framework of a small recovery in the bear market....