Bittrex coin, why not?

[Mihaylovic]

Hi people, just wondering why Bittrex that is a very big exchange doesn't have its own coin like BNB or KCS.
Maybe there's a reason.

maybe they do not aim to make their won token. but actually it would be useful for the community since token can provide lower fees and even they could launch some ieos and they could provide a natural demand to their token.

[Apes]

there is no requirement for exchanges to have their own coins. bittrex can issue its own coins like Binance but whether issuing coins is the best step in advancing exchange. it depends on their business strategy, and maybe someday they will if issuing coins consideration will be profitable.

[Metall303]

there is no requirement for exchanges to have their own coins. bittrex can issue its own coins like Binance but whether issuing coins is the best step in advancing exchange. it depends on their business strategy, and maybe someday they will if issuing coins consideration will be profitable.

simply creating their own coin increases the profits of the exchange it receives. if the coin gives some kind of bonus to the users of the exchange, then it will be bought and, in addition to commissions, the exchange will also earn money on the fact that people will invest in the coin

[anggaem]

Hi people, just wondering why Bittrex that is a very big exchange doesn't have its own coin like BNB or KCS.
Maybe there's a reason.

I think it's useless, most exchanges have coins because they do ICO.
bittrex doesn't need coins like that, and also bittrex already has too much shitcoin.

[Coroline]

Hi people, just wondering why Bittrex that is a very big exchange doesn't have its own coin like BNB or KCS.
Maybe there's a reason.

maybe bittrex will launch a coin like binance but it hasn't been done yet I think it will happen in the future or there are other reasons if they really don't do it

[kanmo]

Bittrex exchange should have had its own coin but my thinking I that its operation in united state is really affecting the coin. The laws of the land does not really favour its operations.

[Distinctin]

Bittrex exchange should have had its own coin but my thinking I that its operation in united state is really affecting the coin. The laws of the land does not really favour its operations.

I'm not sure on the law side but they have bittrex international which allows non US traders to use the site.

If they can also operate in certain county where regulation is not so strict and would allow them to have their own coin, I guess its wise to do that.
Most coins from exchange as long as they have volume grows as well, and this exchange would not only operate for short term but if they'll still allowed they'll be here forever.

[Jadesola]

The question is that most every exchange create a coin, it is not a must. It is better to do one thing and make it work than try to lay hand on everything why nothing is working. The crypto market is already full of enough coin so we should not just come up with a coin now except if it will solve a major problem.

[joshy23]

Bittrex exchange should have had its own coin but my thinking I that its operation in united state is really affecting the coin. The laws of the land does not really favour its operations.

Maybe the reason why they are having a hard time figuring it out whether to create with this consequences that will really affects the sale and
facilitation of this coin if ever they will create one, bittrex is a business and under that jurisdictions.

[ozyer]

Bittrex is an exchange that like to stay compliance with US financial system and laws, I pretty doubt they will have their native token like other exchanges. I read of bittrex backing bitsdaq exchange based in Singapore and they have their native token called tagged bqqq, maybe Binance will have a stalk in the exchange.

Currently   Bittrex wallet already has 1,100,000 bqqq tokens on its internal. And continues to increase....

[MCDev]

Hi people, just wondering why Bittrex that is a very big exchange doesn't have its own coin like BNB or KCS.
Maybe there's a reason.

May be due to US laws. Bittrex cannot issue their tokens. But I know a recent exchange is a partner of Bittrex and they have released their token.

[taratorly]

Bittrex has to solve some problems first. SEC dedicate them and they delisted many coins for US Citizens. BTW, Binance is preparing US exchange for US citizens. So Binance is coming. I don't give any chance to Bittrex against Binance!

[wack slacker]

Hi people, just wondering why Bittrex that is a very big exchange doesn't have its own coin like BNB or KCS.
Maybe there's a reason.

I suspect bittrex has been unable to upgrade its systems further, although they have transferred the technology to Bitsdaq as a new trading platform. They do not try to find ways to change their mode of operation. The first is that they do not have a model to enjoy commission of transaction fees from introducing new members. Their transaction fees are higher than other exchanges by 0.25% higher than Houbi, Binance.
Because they registered a company in the US, it was more difficult to allow them to launch Bittrex's own token, with too many rules.

[asrafkhairulazzam22]

bittrex is in the USA, we know that USA is very opposed to the existence of crypto, it is possible that bittrex was not allowed to make its own coins in the USA. so that until now they have not made it

[CryptoIyke]

Bitsdaq was known to have been a partner project of Bittrex and they have already launched their coin, I doubt if Bittrex would be able to go same way. Bittrex should just be Unique and develop something different from what Binance have done having been here before Binance

[Drai]

Bittrex might not want to have their own coin but a subsidiary exchange if theirs (Bitsdaq) has a token already, I have to admit that it's kinda odd since most exchanges has issued their tokens especially in this era of IEOs but Bittrex has held their stand.

[target]

Yes. US regulation is too strict for creating security tokens.

They were one of the old exchange that is still alive today and back those days native token of exchanges weren't yet something in the mind of developers. Same thing with Poloniex. Bittrex now has created a new version of thier own like the Bitsdaq which right now has the BQQQ.

[cryptothreads]

They probably think about this when Binance was successfully created its own utility token but Im sure regulatory issues might be the reasons why they did not attempt to create its own utility token or maybe in the future? Why not? But as long as USA are too strict for digital coins this may not be considered at the moment.

United States is very serious about managing crypto and any action requires major censorship. I think Bittrex cannot issue this coin because this is a prohibition in its policy. In my opinion, Bittrex should only be a normal exchange because I still like to use exchanges to participate in the proposed IEO projects and many projects have been success in this exchange.

[ducdr]

bittrex is in the USA, we know that USA is very opposed to the existence of crypto, it is possible that bittrex was not allowed to make its own coins in the USA. so that until now they have not made it

It is incorrect. the USA government just want to implement strict rules, and managements, laws on crypto. They will not be able to restrict or wipe out crypto currencies. Because blockchain and crypto currencies are future of human civilization, and the USA are unable to damage that revolution. They should make law managements, and also adapt themselves to changes in crypto.

[bangdol]

United States is very serious about managing crypto and any action requires major censorship. I think Bittrex cannot issue this coin because this is a prohibition in its policy. In my opinion, Bittrex should only be a normal exchange because I still like to use exchanges to participate in the proposed IEO projects and many projects have been success in this exchange.

it's not impossible, this is just a regulatory problem that is there. if the government shifts cloudy and makes it easier to regulate ICO projects or making new crypto it will be very possible. this is just a matter of chance.