Recently Bittrex, one of the worlds largest crypto exchanges, announced that now they allow retail clients to trade with US Dollars on their platform. The exchange was able to close a deal with Signature Bank some weeks ago, that allows the platform to offer trading with US dollars. In order to fully implement the US pair, the exchange will be inviting small groups of retail customers to participate in the USD markets. Individuals in four different states will now be able to trade US pairs at Bittrex. At the moment, only traders from Washington State, California, New York and Montana are able to participate. But Bittrex explains that later more states will be added.
“We’re going to continue implementing these phases until all qualified customers are included, and we’re making good progress. For example, at launch, we started with only corporate customers, and only two weeks later, we’re beginning to methodically add batches of retail customers,” says in their blog post.
Binance is also trying to offer fiat pairs. In order to do that, it has opened bank accounts in Malta to offer EUR pairs and it is working in the island of Jersey to open a GBP bank account.