Bittrex, a US-based cryptocurrency exchange announced the exchange has a new Bittrex Global headquarter located in Liechtenstein and is set to be rolled out at the end of October in the city of Vaduz.
The platform features a streamlined token endorsement procedure and gives exchanging choices on trading pairs including fiat market in USD and anticipating Euro and other fiat markets in the future.
The exchange chose the government of Liechtenstein because Bittrex passed the Blockchain Act this spring, adding that the country has strict conditions governing money laundering and know your customer requirement.
Per the announcement, the new platform will have a couple of new arrangements with Kiran Raj as the first chief executive officer and Stephen Stonberg as chief operating officer. Raj was a partner at Los Angeles-based law firm O’Melveny & Myers LLP and served as the Deputy General Counsel of the U.S. Department of Homeland Security.
The exchange recently broke off its partnership with the South Korean based cryptocurrency exchange Upbit.