Bittrex and Bitsdaq to Launch Asset Trading Platform in Asia

Bittrex, a major US-based cryptocurrency exchange, has set its sights on Asia by partnering with Bitsdaq to launch a digital asset Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term this month. The platform, which was announced on Tuesday, will offer a selection of digital tokens to investors in Asia.

Under the partnership, the Bitsdaq platform will utilize Bittrex technology. The platform will also build upon Bittrex’s experience in the Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term sector as well as the local knowledge of Bitsdaq’s team based in Asia.

The platform will offer customers based in Asia the ability to trade a selection of digital assets. This includes tokens available on the Bittrex exchange and Bittrex International platforms.

Commenting on the upcoming launch, Ricky Ng, Bitsdaq’s Chairman and CEO said: “We are honored to bring Bittrex’s extensive cryptocurrency options to the Asia market."

“It takes a unique combination of advanced technology and financial expertise to launch an efficient, reliable and secure platform for trading digital assets in Asia. We found the ideal partner to help provide a safe environment for our customers and the entire community.”

According to the statement, Bitsdaq will oversee the management of the new platform, with the company taking care of customer operations and compliance. Furthermore, Bitsdaq will cover customer support, marketing, sales, and customized development.

The exact date of launch has not been specified, with Bitsdaq only committing to a date sometime this month, no doubt to keep their options open. Nonetheless, customers can pre-register for an account on Bitsdaq’s website.

Bitsdaq is the latest partnership for Bittrex

Bitsdaq is not the first company Bittrex has partnered with to launch a cryptocurrency trading platform or exchange. In fact, the US exchange has teamed up with multiple crypto firms, such as INCX, invest.com, and more to help launch a range of new crypto initiatives.

“Bittrex is powering the blockchain revolution through strategic global partnerships that are using our proprietary technology to launch advanced, secure and reliable digital asset trading platforms in multiple countries,” added Bill Shihara, Bittrex CEO.

“Through this partnership, Bitsdaq customers will have access to a dependable, cutting-edge trading platform with an extensive selection of digital tokens, and Bittrex will continue to fulfill our mission of promoting adoption of blockchain technology around the world.”