Bittrex Global Starts Accepting Credit Cards, Subsidiary Crypto Exchange Biteeu Launched in Australia March 9, 2020 March 9, 2020 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Market NewsMarch 9, 2020 by Kelly Cromley

Bittrex Global Starts Accepting Credit Cards, Subsidiary Crypto Exchange Biteeu Launched in Australia

New features have been introduced by Bittrex global on its platform, including support for credit card, upgrades for mobile app and a referral program.

Support for credit card will be provided to clients of Bittrex Global in the UK, France, Germany and Netherlands.

The exchange aims to unveil credit card support for all global users in the months ahead.

In the days to come, users of Bittrex Global’s mobile app will be able to place conditional trade orders, for e.g. stop-limit orders for risk handling.

In spite of mentioning that the company will run a referral program that will share a portion of trading fees, further details such as commission structure is yet to be revealed.

Stephen Stonber, Bittrex Global’s COO, hinted that the cryptocurrency exchange intends to roll out additional fresh features in forthcoming months:

“We are continually working on ways to provide a better experience for users. An enhanced mobile trading experience is one of our top priorities and creating this new credit card gateway is an important way of lowering the barriers to digital asset trading for new and existing customers alike. These features are the first of many we have planned that will underline Bittrex Global’s ambition to provide the best and most secure platform for digital trading.”

Biteeu, a subsidiary of Bittrex, launched a crypto exchange in Australia on March 5.

Biteeu is now enrolled with the Australian Transaction Reports and Analysis Centre (AUSTRAC) as a cryptocurrency exchange operator, and facilitates trading in over 70 cryptos in the Australian market.

Biteeu facilitates purchase of cryptos using Australian dollars via debit card or wire transfer.

In spite of recent attempts to lure traders with minimized trading fees, Bittrex share of crypto trading volume has steadily decreased since December 2017 when crypto sector saw an all-time high.

Bittrex, being a leading platform that lists a huge array of altcoins, received crypto inflows to the tune of 40% of total market cap briefly, as per CryptoQuant data.

At the end of February, Bittrex’ crypto inflows have decreased to around 10%, with the BTC inflows declining from a peak high of 88% to about 2%.

At the time of writing this article, according to coingecko, Bittrex has a 24 hour trading volume of $39.964 million, making it the 12th largest cryptocurrency exchange in terms of trading activity.

AuthorKelly Cromley

Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.