Cryptocurrencies
Bittrex Gets Bank Agreement to Help You Buy Bitcoin With Dollars
- U.S. crypto exchange to offer fiat trading to corporate users
- Firm will work with Signature Bank, other financial firms
Bitcoin: What’s Coming in the Year Ahead
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Bittrex Inc., a Seattle-based cryptocurrency exchange that lets users swap nearly 200 different digital coins, said it forged banking agreements that will allow some customers to trade in U.S. dollars.
The closely held firm said the pact will let corporate clients in some states buy virtual tokens using dollars -- a move that could help the trading venue bring in more users. Bittrex is working with New York-based Signature Bank, which will hold the dollar-denominated funds, along with other financial firms.