Some of the digital currency industry’s best known exchanges are offering additional support for several different coins. Bittrex, KuCoin, and HitBTC announced the extra trading pairs via Twitter earlier today.
Major Exchanges Launch Extra Non-BTC Trading Pairs
Three of the planet’s leading digital asset exchanges have announced a range of different trading pairs for popular cryptocurrencies. These include additional USD pairs, as well as support for both Decred (DCR) and EOS.
Users of Tron (TRX) and Litecoin (LTC) will be pleased to learn that altcoin exchange-turned fiat gateway platform, Bittrex, has announced that it will now support trades directly between USD and the aforementioned digital assets. This means that users will no longer need to go through Bitcoin to trade TRX and LTC.
According to Tweet by the exchange, buying and selling for USD is already available on the platform for those users who created their account before September 4, 2018. Those with newer accounts must request the additional functionality via Bittrex’s support page.
Meanwhile, KuCoin is also increasing its offerings. The exchange took to Twitter earlier today to announce the launch of Decred (DCR) support. According to the Tweet, buying and selling functions came online earlier today. Withdrawals from the platform are expected to be available on September 14. Currently, KuCoin is supporting trading between Decred and Bitcoin, as well as Decred and Ether.
Finally in exchange trading pair news, HitBTC are also increasing their offerings to their users. The so-called “most advanced cryptocurrency exchange” is now providing extensive support for EOS. A Tweet from the platform states that the native currency on the blockchain and smart contract platform will be available to trade against XRP, LTC, Monero (XMR), DASH, and ByteCoin (BCN).
Many supporters of altcoins have long been clamoring for additional trading pairs that will reduce the role of Bitcoin in the process of buying and selling cryptocurrencies. They believe that the dominance of Bitcoin is largely down to the fact that most exchanges only offer trading pairs against the current number one cryptocurrency. Granted, some have begun to offer altcoin to ETH trading pairs but these are still much more limited than their BTC counterparts. The addition of the trading pairs launched today from Bittrex, KuCoin, and HitBTC should go some way to appeasing them.
However, with BTC dominance continuing to rise after it fell to a low of around 32%, it remains to be seen how such moves will impact the highest ranked cryptocurrency by market capitalization going forward.