In the massively competitive crypto market with more exchanges emerging all over the world, Bittrex is appealing to new projects to bring their tokens to the market without having to be hit by extended delays.
Bittrex International launches platform for international customers
Bittrex International launches a digital trading platform for qualified international customers.
The new platform was previously branded Bittrex Malta, and it will speed up the listing process for tokens while streamlining the approval process.
“Bittrex International’s more efficient token listing process, combined with our reliable, secure and advanced trading platform technology, will make it easy to quickly feature the newest, most innovative blockchain projects for our international partners and customers,” CEO Bill Shihara said.
Shihara continued and explained, “And, because we believe it’s more important for token teams to invest their time and money in technology and business development, Bittrex International — just like Bittrex.com — will not charge a token listing fee.”
Token approval process
It seems that the token approval process will require a few weeks rather than months.
Bittrex’s standard initial review process remains intact with an evaluation of the authenticity, innovation, and quality of the token.
The projects that will pass the initial round, become subject to an evaluation that follows guidelines in the Malta Virtual Financial Assets Act.
More than this, it seems that if a team begins the process before the initial launch of their project, the token could get listed as soon as the blockchain goes live.
How does Bittrex International operate?
Bittrex customers in the US will not have access to international markets, but international customers will be able to use their Bittrex.com logins to trade on the new platform.
Bittrex International will operate under the regulatory framework established by the European Union and the Maltese government, including the Malta Virtual Financial Assets Act.
It will also apply to the Malta Financial Services Authority to become a regulated Virtual Financial Asset exchange.
Malta aka “the blockchain island” has attracted increased interest from highly significant crypto exchanges including Binance, OKEx, and BitBay.
