Bittrex Announces New Trading Platform Based in Liechtenstein

Cryptocurrency trading platform Bittrex has announced Bittrex Global, a new platform headquartered in Liechtenstein.

Per a press release shared with Cointelegraph on Sept. 30, Bittrex is expecting to roll out Bittrex Global at the end of October in the city of Vaduz, Liechtenstein.

A fundamental reason for Bittrex's choice to set up a new trading platform in Liechtenstein is the country's regulatory clarity toward digital currencies and blockchain technology.

Bittrex Global is planning to develop new features and products, including customer reward programs, credit card interoperability, private token sales under EU law and a mobile app for trading cryptocurrencies.

Following its launch, Bittrex Global also intends to register under the Transaction Systems Based on the Trustworthy Technologies Act, also known as the Blockchain Act.

As part of the platform's launch, Bittrex Global made new appointments, with Kiran Raj as the first chief executive officer and Stephen Stonberg as chief operating officer.

Prior to joining Bittrex Global, 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.

Liechtenstein's approach to regulating crypto and blockchain.

The government of Liechtenstein passed the Blockchain Act this spring.

The government expressed confidence that the new regulation will create an adequate regulatory environment that counters the risks, provides regulatory clarity and facilitates the development of the token economy.