US Based cryptocurrency exchange Bittrex Inc., that lets users swap nearly 200 different digital coins, said it forged banking agreements that will allow some customers to trade in U.S. dollars.
Bittres said the pact will let corporate clients in some states buy virtual tokens using dollars -- a move that could help the trading venue bring in more users. Bittrex is working with New York-based Signature Bank, which will hold the dollar-denominated funds, along with other financial firms.
Even Coinbase, one of the biggest U.S. crypto trading exchanges, has developed relationships with Cross River Bank, Metropolitan Bank and Silvergate Bank in the U.S., and recently secured a Barclays PLC bank account in the U.K.
Bitfinex also changed bankers last year to Noble Bank International, based in San Juan, Puerto Rico, after the exchange was dumped by Wells Fargo & Co.
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