Bittrex Partners With Invest.com to Launch Digital Currency Exchange in the E.U.
Bittrex, the twenty-fourth largest crypto exchange by trading volume, announced today that it has partnered with Invest.com, a trading platform that offers derivative trading, portfolio management, algo-trading and equity trading under European license to 31 countries in Europe, to launch a new digital currency exchange targeting investors in the European Union.
Together with https://t.co/A9qgek7HL8, we’re announcing a new partnership to launch a digital trading platform that will initially focus on EU customers. https://t.co/miSCiXfsT1 pic.twitter.com/JqyI3SzYEZ
— Bittrex (@BittrexExchange) July 5, 2018
According to the announcement, the new partnership will combine Bitrex’s trading platform technology and selection of digital tokens with Invest.com’s team that has expertise in derivative trading, portfolio management and equity trading.
In a statement accompanying the announcement, Itai Avneri, Invest.com’s spokesman and co-founder of the new venture partnership, emphasized what he believes to be the ingredients for becoming the number one trading platform around the world.
We believe that excellent product experience coupled with supreme customer support, value added services and regulation state of mind will provide the community of traders with the ultimate platform to trade cryptocurrency in a safe and secure environment. Our goal is to become the most reputable platform in the EU and later in numerous countries across the globe.
Bittrex also recently struck an agreement that allows corporate investors to purchase cryptocurrency using U.S. dollars. The change represents a major shift away from the commonplace practice of initially converting fiat to bitcoin using Coinbase or a similar service. To start, fiat trading on Bittrex will include Bitcoin (BTC), Tether (USDT) and TrueUSD (TUSD).
While there is no indication when the new trading platform will be live, investors located in the E.U. can pre-register starting today.