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Bittrex Exchange Announces It’s Finally Re-Opening New User Signups

Bittrex Exchange Announces It’s Finally Re-Opening New User Signups

Seattle-based cryptocurrency exchange, Bittrex, announced via an official press release that they are now accepting new user registrations as well as launching a remodeled version of their existing trading platform.

Bittrex is a US-based crypto-currency exchange designed with security and scalability in mind.

Last December, the online exchange had to temporarily stop new sign ups due to its website hitting max-capacity and instead add new customers to a waitlist.

Now, individuals looking to sign up for the exchange must undergo a series of KYC verification checks before they can become eligible to use the platform.

In the wake of these developments, Bill Shihara, CEO of Bittrex, had the following words for the crypto-community:

“We’ve spent the past four years building Bittrex on the founding principles of innovation, security, and responsibility. Given these principles, pausing new user signups during a period of immense trading volume was not a decision we took lightly, but our responsibility to provide customers with a reliable platform and outstanding customer service made it the right thing to do.”

Bittrex was founded early in 2013 when three cybersecurity engineers came together to establish a fast, secure blockchain trading platform for crypto enthusiasts across the United States.

Bittrex USD deposits
Related Story: Bittrex Plans to Remove 82 Delisted Token Wallets Violating Its Terms of Service

Since then, the company has grown tremendously and they now have more than 50 full-time employees on their roster.

Staff members include individuals from the legal and financial sector, some of whom have previously worked at the Department of Homeland Security, the Department of Justice, and Amazon.

Technical Hiccups

It is worth noting that just minutes after the announcement was made, Bittrex was faced with a massive internal lapse after several of the company’s servers froze. The problem has since been rectified and was primarily attributed to the huge influx of new users who were trying to sign up for the platform.

A similar problem was also faced by Coinbase, when due to the large currency value swings that took place in 2017, the company’s mainframe was forced to shut down, causing a host of transaction issues for their customers.

Lastly, as part of their latest offerings, Bittrex also announced its support for “corporate accounts” which will allow enterprise level entities to enjoy their services in a streamlined manner.

Applications for these specialized accounts are now being accepted and interested parties can go to the official website and fill out the relevant web form to initiate the registration process.

Cover Photo by Timothy Eberly on Unsplash

Filed Under: , Bittrex, Crypto Exchanges

Shiraz is a cryptocurrency journalist and analyst living in Melbourne, Australia. When not exploring the emerging blockchain ecosystem, he loves to play the blues and dabble in the world of meditation.

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