On October 29, Bittrex International, an affiliate of Bittrex Inc which was formed in the middle of September, announced that it will launch a digital trading platform that will feature a streamlined token approval process and provide more trading options for qualified international customers.
This new international trading platform, previously branded as Bittrex Malta, will begin a brief evaluation period during the next few weeks to ensure optimal operations for international customers.
According to the announcement, the key feature of the Bittrex International platform will be a streamlined token approval process, which can be completed within weeks instead of months. In addition to the new listing process, token teams will have access to Bittrex’ extensive network of international exchange partners.
“We are committed to being a driving force in the blockchain revolution by increasing adoption of this innovative technology around the world,” – said Bittrex CEO Bill Shihara. – “Bittrex International’s more efficient token listing process, combined with our reliable, secure and advanced trading platform technology, will make it easy to quickly feature the newest, most innovative blockchain projects for our international partners and customers. And, because we believe it’s more important for token teams to invest their time and money in technology and business development, Bittrex International — just like Bittrex.com — will not charge a token listing fee.”
The announcement reads that current international customers will be able to use their current Bittrex.com logins to access new international markets and trade after signing the new Terms of Service agreement. Current and new U.S.-based customers will continue to use Bittrex.com and will not have access to international markets.
Bittrex International will operate within the regulatory framework established by the European Union and Maltese Government, including the Malta Virtual Financial Assets Act, also known as the VFA Act. The international platform will use the same high levels of Know Your Customer and Anti-Money Laundering review as other Bittrex services. Bittrex International will operate under the 12-month transitory period provided by the VFA Act, and the company will apply to the Malta Financial Services Authority to become a regulated Virtual Financial Asset exchange.