One of the leading cryptocurrency exchanges Bittrex launches two new trading pairs. 5 SENTIABREV users of this site will be able to trade Cardano (ADA) and the zcash for (ZEC) against the U.S. dollar. This way traders will be able to directly invest and perform other operations with ADA and ZEC.
We’re rolling out more USD pairs. On Sep 5 we’re launching US dollar (USD) markets for Cardano (ADA) and zcash for (ZEC). Eligible #Bittrex accounts created before August are already enabled for USD trading. New user or want to deposit/withdraw USD? Details: https://t.co/KA248OA2Bz pic.twitter.com/pzCry5OdTr— Bittrex (@BittrexExchange) 29 August 2018
Currently, customers Bittrex to invest in these cryptocurrencies are required to pay a Fiat in your account, buy some other cryptocurrency, such as bitcoin (BTC), and then to acquire the necessary altcoins. That’s what happens on most other sites.
This creates a certain dependence on BTC and this dependence is a serious constraint for some traders and investors who are interested solely in altonah.
Currently, trade in Fiat currencies is only available to customers located outside the United States or in the United States: NY, WA, CA, AZ, NM, MT. Platform gradually introduces new Fiat cryptocurrency pairs. For example, 20 Aug option to trade against the USD came from Ethereum Classic and XRP.
Thus on the 5th of September at Bittrex will be presented to the next trading pair “with the participation” of the U.S. dollar:
According to CoinGecko, this exchange takes 37th place in the world by trading volume.