Blockchains and Bagels: the morning market update to get you ready for the day ahead. Today, Bittrex will expand USD trading pairs while Hitbtc suspends services in Japan.
Bittrex adds to the number of exchanges offering USD trading pairs. The exchange has started with dollar pairs against Bitcoin, Tether, and TrueUSD. Other crosses are planned and will go live after extensive testing of the platform's matching system.
The Hong Kong based exchange will suspend operations in Japan in compliance with the Japan Payment Services Act. The company does not have the approvals to operate in Japan and is taking the initiative to comply. There is no timeline for when operations may ensue.
Abic Corporation is looking to capitalize on Japan’s enthusiasm for digital assets by providing fiat liquidity through secured loans. The company is offering loans in notional quantities between ~US$ 18,000 and US$ 9.13 million, with interest rates ranging from 2.98% to 15%.
The company began development on its VCTRADE platform in 2016 and has confirmed its launch. The exchange will offer XRP trading pairs with BTC soon to follow. SBI Holdings also owns and operates SBI Ripple Asa.
Buy Bitcoin, Ethereum, and other digital currencies on Coinsquare, Canada’s most secure trading platform.
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