Bittrex

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Bittrex
Bittrex.png
Founded 2014
Headquarters Seattle, Washington
Key People Bill Shihara, Co-Founder and CEO; Richie Lai, Co-Founder and Chief Information Officer; Rami Kawach, Co-Founder and Chief Technology Officer
Products Cryptocurrency Exchange
Twitter @BittrexExchange
LinkedIn Profile
Facebook bittrex
Website Bittrex.com
Releases Company News
Blog Bittrex Blog

Bittrex is one of the largest U.S. cryptocurrency exchanges. It was founded in 2014 by three senior security managers from Amazon: Bill Shihara, co-founder and CEO; Richie Lai, co-founder and chief information officer; and Rami Kawach, co-founder and chief technology officer. The three are also alumni of Microsoft.[1]

Overview

According to January 14, 2019, data from CoinMarketCap, Bittrex was the 50th largest cryptocurrency exchange by trading volume in the world at that time. It provides 302 mostly crypto-to-crypto trading pairs.[2] In August 2018, Bittrex had been reported as the 32nd largest cryptocurrency exchange in the world, offering 284 trading pairs.[3]

On May 31, 2018, Bittrex announced that it had established a banking relationship with New York's Signature Bank, which facilitates U.S. dollar-to-crypto transactions for some customers.[4]

Bittrex launched an OTC trading desk to handle cryptocurrency orders with values of $250,000 or more on January 14, 2019.[5]

On August 20, 2018, Bittrex joined Bitstamp, bitFlyer USA, and Gemini in forming the Virtual Commodity Association Working Group.[6]

In 2015 Bittrex applied for a New York State Bitlicense.[7]

Trading Pairs

Bittrex offers its users the ability to trade bitcoin, Ether, Tether, TrueUSD, and U.S. dollars for various cryptocurrencies, including ADA, TRX, and ZEC. It also allows for the liquidation of bitcoin, Ether, and Tether to USD as well.[8]

Bittrex announced on August 8, 2018 that it would be adding XRP/USD and ETC/USD trading pairs to the exchange, both launching August 20, 2018. The exchange also said they plan on adding more USD/crypto markets to the exchange over time, using a "phased" approach, or gradually doing so after spending time developing these services and markets, ensuring that they will be ready for customers upon launch.[9][10]


References