American cryptocurrency exchange Bittrex said Monday that they are creating a new platform of digital assets based in Malta. The company has created a subsidiary to manage its business outside the United States, said in a statement.
Bittrex Malta said on its web site that they plan to apply for a license from the Maltese authorities.
As additional benefits, the tokens listed in the Maltese Bittrex will be available for international partner exchanges Bittrex, provided that they comply with local laws.
“Thanks to our trading platform based in the United States, and our growing network of partner exchanges around the world makes Bittrex blockchain technology and digital assets more accessible to the global community,” said CEO bill Shihara.
From this point a global business Bittrex will be in the hands of the newly created branch Bittrex International. Chihara explained that the company, a subsidiary of the company which is Bittrex Malta, will be responsible for the promotion of blockchain technology outside of the United States.
This announcement from Bittrex appeared a few days after the platform has provided the USD with Cardano (ADA) and the zcash for (ZEC). FIATA trade on Bittrex will be available in March and includes also pairs with BTC, ETH, XRP, ETC, USDT and TUSD.
As for the Maltese market, Bitrex, it seems, is taking another step on the blockchain stage of the island. It is reported that cryptobiina exchange acquired a 10% stake in the Maltese blockchain of Palladium, which in July released the first initial offer on the convertible coins (ICCO), in cooperation with the Bittrex platform and e-Sports Unikrn.