Bittrex Crypto Exchange Starts ‘Bittrex International’ and ‘Bittrex Malta’
Bittrex Rolls Out Brand New International Blockchain Company
Bittrex has long been one of the foremost exchanges on the map, especially for global citizens looking to invest some of their money into hard-to-find cryptocurrencies. Featuring hundreds of altcoins, as well as the main coins like Bitcoin, Ethereum, and Litecoin, the service is well-respected for providing a comprehensive experience for cryptocurrency investors with an interest in variety in the constantly changing market.
The company is also known for their interest in partnering with other companies on exciting—and often surprising—new projects. In their latest announcement, the exchange has outlined their intention to form an entirely new corporation, called Bittrex International Inc.
The company will work closely with a subsidiary company called Bittrex Malty Ltd. in an effort to expand the global reach of the organization and its crypto trading platform. The move is likely the result of discussions with regulators in target areas, and the new international name will more than likely help the company streamline the regulatory compliance process within several nations.
Bittrex has been particularly successful in the United States, where the company was originally based. But in recent months, they seem to have set their sights on expanding into the global marketplace, which is largely untapped by many countries still operating primarily in the United States.
A Full Expansion Process
Bittrex is not simply offering a small taste of their overall service to citizens of target countries around the world. Instead, the company intends to offer international clients access to every digital asset which is available on the existing, original Bittrex Malta site. Additionally, the CEO of Bittrex remarked that they intend to add even more “innovative blockchain projects” to the already impressive list of cryptocurrencies and new ICO tokens listed on the large exchange.
Bittrex Malta is especially equipped to add a much-needed layer of interest to the international market for cryptocurrency trade. According to the minds behind the company’s restructuring decision, the Bittrex Malta and Bittrex International setup will allow the company to offer a variety of new projects to citizens from jurisdictions all over the world, while facing minimal regulatory or legal restrictions and obstacles.
Bittrex Moves For Compliance
Another major aspect of the Bittrex decision to create a new international Ltd. is their interest in increasing their ability to comply with international trading regulations relating to cryptocurrencies. Like many companies offering exchange of cryptocurrencies for fiat money, Bittrex has struggled in their home country (U.S.) to keep up with the confusing regulatory movements that have characterized institutional response to the budding crypto markets in the past two years.
But as soon as they began to catch up with US regulators, Bittrex seems to have turned its sights on the international marketplaces. Starting with the subsidiary in Malta, the company claims that their current configuration will help them to easily navigate the complex regulatory waters of the cryptocurrency markets on the global stage in 2018.
If successful, Bittrex’s international involvement could serve as an important case-study for crypto exchanges that want to go global.