Bittrex to Expand to Euro Markets, Lowers Trading Fees for US Customers
Cryptocurrency exchange Bittrex has lowered trading fees for United States-based customers and announced its expansion to euro markets in a blog post published on June 12.
The exchange announced the launch of euro markets later this summer, which will enable fiat trading in euros for the first time in its history.
Bittrex is also offering lower trading fees for its U.S. dollar markets, starting with a promotional month with 0 maker and 0.15% taker options. The exchange also notes that it will automatically lower fees to the promotional rate for qualifying accounts that have generated not less than $30,000 in trading volume since joining Bittrex or Bittrex International.
The development follows Bittrex’ decision earlier this month to block its U.S.-based users from trading in 32 cryptocurrencies starting from June 21. After the change comes into effect, U.S. customers will not be able to buy or sell the select coins, and open orders involving the assets will be canceled.
In January, Bittrex announced plans to launch an over-the-counter (OTC) trading desk. “This offering will be another way for Bittrex to further advance adoption of blockchain technology worldwide, while also providing our customers with price certainty and a fast and easy way to trade large blocks of digital assets,” the exchange’s CEO Bill Shihara said.
Founded back in 2013, Bittrex is currently ranked 58th in terms of adjusted trade volume, according to CoinMarketCap. The exchange’s daily trading volume is around $81 million at press time, with 347 cryptocurrency markets available.