Bitsdaq Launches Bittrex Powered Digital Asset Trading Platform in Asian
Bitsdaq will be launching a new digital asset trading platform during January that will be offering customers in Asia a new and reliable exchange with innovative coins and tokens. In order to do so, the company will be leveraging Bittrex’s technology, allowing users to have an advanced and reliable platform and an extensive selection of digital tokens. The information was released on January 15 by Bittrex on its blog post.
#Bittrex is excited to announce that we’re partnering with @BitsdaqExchange to launch a new digital asset trading platform in Asia, powered by Bittrex technology. Details: https://t.co/y3Sa6KzzDE @BitsdaqExchange pic.twitter.com/Tdr29uf0dS
— Bittrex (@BittrexExchange) January 15, 2019
This partnership will be leveraging Bittre’x experience and leadership in the crypto space with the vision and expertise of Bitsdaq’s team located in Asia. With their knowledge about the local market, it will be possible to increase the adoption of blockchain technology in the region. Users will have access to the digital assets available on the Bittrex platform.
Bitsdaq’s Chairman and CEO, Ricky Ng, commented about this partnership:
“We are honored to bring Bittrex’s extensive cryptocurrency options to the Asia market. It takes a unique combination of advanced technology and financial expertise to launch an efficient, reliable and secure platform for trading digital assets in Asia. We found the ideal partner to help provide a safe environment for our customers and the entire community.”
The exchange is also going to be using the latest implementations and practices of Know-Your-Customer (KYC) and Anti-Money-Laundering (AML) processes. This will give Asian traders the possibility to access other global markets as well.
Bittrex is one of the most popular digital asset platforms in the United States that provides services to thousands of users. This exchange is the 52nd largest in the world in terms of trading volume ($22.16 million). The most important trading pairs in the platform are BTC/USD, BTC/USDT and ETH/BTC, accounting for more than 25% of the total trading volume in the platform.
There is a very competitive landscape for exchanges and Bittrex finding new partners around the world is a strategy that would allow it to keep growing in the crypto world.