Bittrex Plans to Launch in American and Latin Crypto ExchangeSeptember 9, 2018
The United States based exchanged Bittrex has launched a partnership along with Cryptofacil. Cryptofacil is a new cryptocurrency trading platform that is made to accommodate citizens in the Caribbean and Latin America. The firm clarifies Bittrex will gear the new exchanged. It will offer customers in those locations accessibility to more than 200 digital assets.
Bittrex is the North American cryptocurrency trading platform that is extending its operations entering a new collaboration along with Cryptofacil, a financial tech firm. Bittrex has explained it will be presenting an exchange with Cryptofacil. The partnership will enable the Caribbean and Latin American residents the power to trade more than 200 cryptocurrencies. Currently, the corporations are providing a pre-registration time for those interested traders. Andres Szafran, the co-founder of Cryptofacil, claims that the team prefers to leverage the token review process and the trading platform experience Bittrex.
He explained that they had developed Cryptofacil to concentrate on the fundamental customer requirements. It will present a simple and easy to use platform with value-added services and customer support in a secure and safe setting. He also added that the goal of the team is to grow into the crypto exchange record and the most trusted platform in the Caribbean and Latin America.
Bill Shihara, CEO of Bittrex says that the Cryptofacil team headquartered in Uruguay has a thorough and comprehensive knowledge of the Caribbean and Latin American markets. The collaboration offers Bittrex with the chance to deliver the residents access to a wide array of cryptocurrency assets. Further, the reputation of the company will also help bolster their objective. The collaboration with Cryptofacil will drive worldwide adoption further, according to the announcement detailed by Shihara.
In the Caribbean and Latin America, more of the population is unbanked. Plus, it is estimated that more than 400 million individuals don’t have access to simple financial services. It seems like the new Cryptofacil exchange will contend with a veer of other companies trying to tap this market like Cryptobuyer, Bitex, Panda Exchange, Volabit, Ripio, and Bitso.
Bittrex is created in 2013 by Shihara with more than $39 million in regular cryptocurrency trade volume. The platform thinks it can establish a dent in such areas. Furthermore, while citizens from Latin American and the Caribbean will be the first venture of Cryptofacil, the platform might grow other areas as well, according to Bittrex.