Bittrex Global Rolls Out Ability To Buy Crypto With Credit Cards and Referral Program
Bittrex just made the announcement that it has introduced new features onto its platform, such as credit card support, mobile app upgrades and a referral program.
Bittrex Global users from the UK, France, the Netherlands and Germany will be offered the credit card support, while the exchange is trying to expand to users from all over the world. When it comes to the mobile app users, these will soon have the option of placing conditional trade orders like risk management stop-limit orders.
Bittrex Global is excited to announce the official launch of new products and features!
— BittrexGlobal (@BittrexGlobal) March 9, 2020
The Commission Price Structure Not Yet Disclosed
In spite of talking about the new share trading fees referral program, Bittrex didn’t mention anything about its program’s price structure for commissions. The company’s COO, Stephen Stonber, said the exchange has plans to launch some new features in the following months. Here are his exact words about this:
“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.”
Partner Biteeu Announces the Launch of Australian Exchange
The Bittrex-powered and Estonia-based company Biteeu also made the announcement of an Australian exchange launch. Biteeu is at the moment registered as a crypto exchange provider with the Australian Transaction Reports and Analysis Centre (AUSTRAC). It provides exposure to over 70 cryptocurrencies present on the market in Australia. Biteeu crypto purchases can be made through wire transfers or debit card in Australian dollars.
Bittrex’s Trading Volume Declined
Ever since the 2017’s high bull run, Bittrex’s share of crypto trading volume has continuously declined. As reported by CryptoQuant, the exchange attracted 40% cryptocurrency inflows of the entire market. Since February, the inflows are under 10%, whereas the Bittrex’s Bitcoin (BTC) inflows decreased from 88% to 2%. Currently, the exchange has a $45.6 million 24-hour volume, occupying the 90th place in the crypto exchanges top of exchanges with the largest trade activity.