The famous American exchange Bittrex has announced that it is working together with invest.com to create an exchange specifically designed for the European market.
It should be remembered that the US financial markets are regulated somewhat differently from the European ones, so much so that several exchanges refuse to accept American customers due to the greater regulatory restrictions.
It is therefore not surprising that Bittrex is working on a specific exchange for the European market, probably with fewer restrictions than the original.
invest.com is a brand of the fintech sector and in fact the new trading platform, although developed by Bittrex, will be launched on the market with this brand.
In addition to the brand invest.com will also put its own team of experts in derivatives trading, portfolio management and stock trading.
Itai Avneri, spokesperson for invest.com and co-founder of the new partnership, said: “We are very excited to form this joint venture with Bittrex. Innovation and determination have led invest.com to take a strategic step forward in the new world of trading The brand will focus exclusively on the emerging cryptography industry“.
Bittrex CEO Bill Shihara said, “Blockchain technology has the potential to provide breakthrough solutions for businesses and consumers around the world and that’s why every action taken is geared towards advancing this emerging technology, including the launch of this new trading platform with invest.com. This partnership will increase customer access to some of the world’s most innovative blockchain projects and will further drive the adoption of this revolutionary technology.“