Crypto Exchange Bittrex Eyes Global Expansion With New Affiliate Companybr>
Cyptocurrency exchange Bittrex has created a new affiliate firm to manage ventures outside of the United States.
Called Bittrex International Inc., the new affiliate will own and manage a global collection of innovative blockchain technology-focused businesses operating overseas. Its mission is to be a driving force in the blockchain revolution, increasing adoption of this innovative technology around the world.
“At Bittrex, we’re using our secure, reliable and innovative platform technology to power the blockchain revolution,” said Bill Shihara, CEO at Bittrex. “Through our US-based trading platform, and our growing network of partner exchanges around the world, Bittrex is making blockchain technology and digital asset trading more accessible to the global community. Bittrex International and its subsidiaries will further advance our work to increase adoption of this revolutionary technology by streamlining the process of identifying and listing some of the world’s most innovative blockchain projects.”
Bittrex International will be establishing an advanced crypto platform in Malta, one of the most crypto-friendly countries in world, using Bittrex’s trading technology. The Bittrex Malta platform wil operate within the regulatory framework established by the European Union and Maltese Government.
“Bittrex Malta is designed to give innovative coins and tokens a streamlined approach to not only be listed on the platform, but also to continue building trust and a larger global footprint,” the company said. “Every digital asset listed on Bittrex Malta will be available for our international network of partner exchanges to launch (consistent with their local laws), increasing the adoption of this innovative technology around the world.”
The announced came after Bittrex partnered with crypto trading platform Cryptofacil to launch a digital asset trading platform with over 200 digital tokens. The partnership provides an opportunity and a solution for customers in Latin America and the Caribbean who want to have access to a wider selection of digital assets.