Bittrex, one of the more reputable exchanges in the industry, will be opening support for Litecoin (LTC) and TRON (TRX) to USD trading pairs as of September 12th.
Becoming More Accessible
Announced via a tweet, the platform revealed that the two pairs will be available to everyone on September 17th:
We’re rolling out more USD pairs. On Sep 17 we’re launching US dollar (USD) markets for TRON (TRX) and Litecoin (LTC). Eligible #Bittrex accounts created before Sep 4 are already enabled for USD trading. New user or want to deposit/withdraw USD? Details: https://t.co/KA248OA2Bz pic.twitter.com/21xA8xZ4vm
— Bittrex (@BittrexExchange) September 12, 2018
Bittrex only recently provided support for USD trading pairs, starting out with currencies such as Bitcoin (BTC) and Tether (USDT). This expansion makes the cryptocurrency market more accessible to all, as some exchanges offer limited USD to altcoin pairs.
To enable an account for USD trading, one must submit a request to the Bittrex support team here. However, the platform doesn’t support every U.S. state just yet.
This news backs up a statement made by the CEO of Bittrex LINK, Bill Shihara, in which he stressed the importance of fiat to digital pairs:
“As an incubator and leading advocate of blockchain technology, Bittrex is committed to listing tokens that not only have the best business applications, but also are the most innovative blockchain projects in the world. Expanding fiat markets to the top digital currencies on our exchange should further drive adoption of this revolutionary technology by providing customers even more options for purchasing and trading digital currencies in a secure, robust and reliable environment with high liquidity.”
Suggested Reading : Learn what we think of Bittrex in our Bittrex review.
Holding Strong Against The Dip
Despite the market taking a big dip lately, Litecoin has been making small technological improvements here and there. Recently, the project took up nearly 50% of SegWit usage and has eclipsed even Bitcoin in the process, according to Twitter account Blockchair:
SegWit usage in #Bitcoin and #Litecoin chart. Can someone explain the sudden drop on September 3rd? 🤔
Try out our Bitcoin (https://t.co/vOAFG1Es7r) and Litecoin (https://t.co/0fXZXIHxnt) explorers with full SegWit support. pic.twitter.com/GE7RfvT96H
— Blockchair (@Blockchair) September 6, 2018
On top of this, Litecoin’s Lightning Network has just received support from the Casa Lightning Node. This joining of the two technologies will ensure Litecoin’s innovation is even more streamlined.
However, it’s important to note that Litecoin still has a long way to go in recovering from the bear market. The project is down 5.79% in 7 days as of this writing, and worth $52.92.
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