Bittrex Partners with Invest.com to Offer Cryptocurrency Trading in the E.U.
As per a Finance Magnates report, the entity will initially be available for investors only in the European Union region. Interested parties can currently access the pre-registration platform, although the actual trading will begin later in 2018.
The Bittrex trading engine, along with its 200 listed digital tokens, will be integrated with invest.com framework of derivative trading, portfolio management, and equities.
Invest.com co-founder Itai Avneri showes his excitement for the joint venture with Bittrex, nothing that innovation and determination are the 2 pillars which invest.com and Bittrex work on and the new brand will “take a strategic step forward in the emerging crypto industry.” Avneri said:
“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.”
While the exchange will initially open to the EU market, the companies confirmed their plans to include other markets in “the near future.” However, they explicitly mentioned the presence of strict regulations and international laws as a focal point of their expansion plans.
Launched in 2014, invest.com offers derivative trading, portfolio management, equities, and algo-trading and equity trading services across over 30 countries in Europe. However, a slew of regulatory laws and licenses lead to the company shutting down its investment services and ceasing new clients and deposits on April 9, 2018.
Now, the brand has turned its focus on the burgeoning cryptocurrency market in hopes of a resurgence. Bill Shihara, CEO of Bittrex, expressed his thoughts on the partnership:
“This partnership will increase customers’ access to some of the world’s most innovative blockchain projects and further drive adoption of this revolutionary technology. Today’s announcement is another exciting step forward for the industry and Bittrex as we continue expanding our global footprint through new services and strategic partnerships.”
Bittrex joins a number of cryptocurrency exchanges in their expansion plans. While Huobi, Bitfinex, OKEx, and Binance have expanded their jurisdictions in a significant capacity, 2018 has also witnessed the resurgence of the world’s earlier cryptocurrency exchanges: BTCC.