Exchange scriptaction Bittrex is preparing to launch trading platform called Bittrex for International clients from around the world. New technology platform the exchange will significantly reduce the time of listing coins. As stated, Bittrex International will work in accordance with the legislation of Malta, where registered stock exchange, and the European Union.
The operator of crypto currency exchange Bittrex is planning to launch the international trade platform called Bittrex International, said in an official press release.
Feature of the new exchange will be expedited listing new token, said CEO Bittrex bill Shihara:
“A more efficient process of listing tokens on Bittrex International, combined with a more reliable, safe and perfect technology trading platform, will simplify the task of adding the newest and most innovative blockchain projects for our partners and customers.”
Chihara added that as before, Bittrex International will not borrow money for the listing.
Thus the approval process for new coins will be reduced from months to weeks. It will include an assessment of the project from Bittrex on their own criteria. In a next step, the tokens are checked for compliance with the legislation of Malta, where was the new venue, including the law on virtual financial assets. One of the requirements can be a listing of the token after the launch of its blockchain network.
Current customers Bittrex will be able to access the new site through your account Bittrex.com.
The exchange will work according to the legislation of the European Union and Malta, including the law about virtual assets. In addition, it will be registered in the Maltese financial management to obtain the status of the Exchange virtual financial assets.
The island nation of Malta, a member of the European Union, was dubbed the “block island” for its positive attitude towards the industry. In April of this year, Malta has registered one of the largest crypto exchanges and Binance. Later, the authorities of the island took three bills to regulate the crypto-industry. In the autumn, Prime Minister of Malta Joseph Muscat said that cryptocurrencies are “the future of money.”