Bittrex

Bittrex is a US-based cryptocurrency exchange headquartered in Seattle, Washington.[2] The company was founded in 2013 by Bill Shihara and two business partners, all of whom previously worked as security professionals at Microsoft.[3] The exchange is the thirteenth largest cryptocurrency exchange by daily trading volume,[4] is renowned for the vast number of cryptocurrencies it has listed, and has a good reputation for its security.[1] Bittrex is not a regulated exchange under US securities laws.[5]

Corporate customers based in the U.S. states of Washington, California, New York and Montana may trade using U.S. dollars held in Signature Bank of New York.[6]

Bittrex
Founded2013[1]
Headquarters,
Key people
Bill Shihara (CEO), Richie Lai, Rami Kawach, and Ryan Hentz[2]
ProductsCryptocurrency exchange
Websitebittrex.com

History

In December 2017, along with Binance and Bitfinex, Bittrex temporarily stopped new user registrations due to high demand.[7] All 3 exchanges have since then reopened for registrations.

On Friday, December 1, 2017, the Bittrex exchange requested ChronoBank provide them with a completed listing application and legal opinion from a U.S. law firm to remain listed. It appears that Bittrex is doubling back on their early listed tokens in an attempt to obtain proper documentation for the listing of tokens. However, the notice requires submission of the requested documents by December 8, 2017.[8]

On March 6, 2018, Bittrex listed TrueUSD, a stablecoin claimed to be backed by USD.[9]

On March 20, 2018, Bittrex announced their decision to de-list 82 cryptocurrencies which were found to be in violation of their listing requirements.[10]

On April 10, 2018 the company opened registrations for new users. Commenting on the matter, Bittrex CEO Bill Shihara said: "After diligently working to improve our infrastructure and upgrade our website, we're pleased to announce registration for new users resumed today."[11] Bittrex were forced to temporarily stop new user registrations after just a couple of hours due to the high demand.[12]

References

  1. ^ a b "Bittrex Exchange - Reviews & Markets". CoinCodex. Retrieved 28 February 2018.
  2. ^ a b c "About Us". Bittrex. Retrieved 28 February 2018.
  3. ^ Molly Jane Zuckerman. "Major Cryptocurrency Exchange Bittrex To Add USD Trading, Reopen New User Sign-ups". Cointelegraph. Retrieved 28 February 2018.
  4. ^ "24 Hour Volume Rankings (Exchange) | CoinMarketCap". coinmarketcap.com. Retrieved 2018-05-23.
  5. ^ "Bittrex Responds to SEC Announcement Regarding Crypto Exchanges". CryptoSlate. 2018-03-07. Retrieved 2018-06-14.
  6. ^ Katz, Lily (May 31, 2018). "Bittrex Gets Bank Agreement to Help You Buy Bitcoin With Dollars". Bloomberg. Archived from the original on May 31, 2018. Retrieved July 30, 2018.
  7. ^ Joshua Althauser. "Binance, Bitfinex, Bittrex Temporarily Say No to New Users". Cointelegraph. Retrieved 28 February 2018.
  8. ^ Chronobank.io (2017-12-08). "Bittrex Delisting". ChronoBank.io blog. Retrieved 2019-01-02.
  9. ^ "TrueUSD, the World's First Legally Backed Stablecoin, is Now Trading on Bittrex". TrustToken. 2018-03-06. Retrieved 2018-05-30.
  10. ^ "Bittrex to Delist Over 80 Altcoins at the End of March". Bitcoin News. 2018-03-20. Retrieved 2018-05-23.
  11. ^ "Crypto Exchange Bittrex Is Taking New Customers Again - CoinDesk". CoinDesk. 2018-04-10. Retrieved 2018-05-23.
  12. ^ @bittrexexchange (April 10, 2018). "Sorry for the inconvenience. Due to an overwhelming response from new users, registration is temporarily paused. We're working to make the necessary tweaks and reopen signups again shortly." (Tweet) – via Twitter.

External links

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