Mon | Feb 17, 2020

Cryptocurrency exchange to launch regional trading platform

Published:Wednesday | September 12, 2018 | 12:00 AM

United States-based crypto-currency exchange agency Bittrex has announced a partnership with a Cryptofacil, a new cryptocurrency trading platform designed to accommodate the LAC region, comprising the Caribbean and Latin America.

According to Bittrex, headquartered in Washington, the new exchange will allow LAC residents to trade over 200 cryptocurrencies.

"At the moment the companies are offering a pre-registration period for interested traders," said Cryptofacil's co-founder, Andres Szafran, who added that the team plans to leverage the Bittrex trading platform's experience and token review process.

"We developed Cryptofacil to focus on basic customer requirements: a simple and easy-to-use cryptocurrency platform with superior customer support and value-added services in a safe and secure environment," said Szafran. "Our goal is to become the crypto exchange of record and the most reputable platform in Latin America and the Caribbean."

Bittrex CEO Bill Shihara says the Cryptofacil team based in Uruguay has a deep knowledge of the Latin American and Caribbean markets.

"The partnership provides Bittrex with the opportunity to offer these residents access to a broad selection of cryptocurrency assets and the company believes its reputation will help bolster the goal. The partnership with Cryptofacil "will further drive worldwide adoption," Shihara said.

Bittrex is the 25th-largest cryptocurrency exchange globally, with a 24-hour trading volume of US$43 million, featuring Bitcoin, Dogecoin and Ethereum as the three most popularly traded cryptocurrencies.