Bittrex coin, why not?

[leea-1334]

Well,,, I was silly enough to buy the tokens of one exchange that I used. Not Binance of course,,, it was me missing out on that that caused me to buy the one I am talking about. But it flopped right after it launched. Not so badly, just 15% or so and I am still enjoying the discounts so it is not terribly poor but still. It makes me think Bittrex coin is a bad idea.

[saba1256]

Bittrex was big exchange but not now, Bittrex 24 hours volume is almost 7000 BTC and there are not trading more investors due their not paying any benefits to traders and investors, as compared to others exchanges giving more benefits that is the reason traders investing in crypto other exchanges. Bittrex was introduced other exchange Bitsdaq and launch their own token BQQQ but that exchange also fails to meet the requirement of traders.

[gunhell16]

If there will be BITTREX COIN soon, i will grab the opportunity to have them at low cost.
I am pretty sure that the coin will have a strong price due to a good exchange they are.
Looking forward for another great investment like BNB.

[sana54210]

Well,,, I was silly enough to buy the tokens of one exchange that I used. Not Binance of course,,, it was me missing out on that that caused me to buy the one I am talking about. But it flopped right after it launched. Not so badly, just 15% or so and I am still enjoying the discounts so it is not terribly poor but still. It makes me think Bittrex coin is a bad idea.

It is not even a must that many of them must have a token because I only see that token as waste of time and something to show their weakness, people have judge projects a lot with price and if not for investment part of it, there is honestly no need for projects to have issued token, because this token system is what has caused a lot of projects to be dead by now.

I think it would have even been better if some of these projects just have a fixed profit they give like on a yearly basis the way STO does, it would have made the usefulness of the project to be more pronounced than just the investment side. Bittrex has really been doing fine without token, they might not have the hype as much as other exchanges does, but they are really having a very good volume on their exchange.

[GREENch]

If we compare the market shares that Bittrex and Binance occupied in 2017 and now it is obvious that Bittrex chose the wrong strategy. In order for the coin to be interesting to the community, you need to build related infrastructure around it.

[enhu]

If we compare the market shares that Bittrex and Binance occupied in 2017 and now it is obvious that Bittrex chose the wrong strategy. In order for the coin to be interesting to the community, you need to build related infrastructure around it.

They are gradually taking some actions to compete in the market like the Bitsdaq as their partner.  The changes could put them back in the competition once they can implement  it. I think if bitsdaq will have its success, bittrex will also use its native coin for the bittrex transaction fee like BNB. It wouldn't take a big promotions to make it work for bittrex they are already popular from old users.

[joybella]

Most utility tokens out there ain't necessary. Eth, Btc and other too tokens can be used a means of payment why development of other tokens for the same purpose.

[pedpedped101]

We have been been enjoying the service offered by Bittrex for some years now. if they feel no need for the coin, I think we are also okay by it. I just love to see some of my favourite coins list on it. However, if Bittrex decides to lunch its own coin, I believe lots of people will be interested in it.
This also reveals another side of Bitterxx, that it is not an exchange that is just here to extort money from people but to bring about the actual vision of cryptocurrency to reality.

[crypoco]

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.

This exchange has a lot of restriction, not as binance, I don't think its coin will success.

[pa6a24]

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.

This exchange has a lot of restriction, not as binance, I don't think its coin will success.

How can you be so sure of that? I think if they had created their own coin, it would have been a success

[shushu9977]

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.

We know, Bittrex is a popular and well-known exchange. In my opinion, they are waiting for something new and better feathers to add that or they create an amazing one which has many advantages and predominances.

[joromz1226]

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.

Before, when I was new to cryptocurrency that was my first used exchange, but 2 years after I switched my coins to another exchange better than bittrex, because I found out that crypto in the US was no longer acceptable in this country. the owner of Bittrex or its owner is the US, maybe they will do the same in the future lest they just wait for the right opportunity.

[chanc3r]

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.

Before, when I was new to cryptocurrency that was my first used exchange, but 2 years after I switched my coins to another exchange better than bittrex, because I found out that crypto in the US was no longer acceptable in this country. the owner of Bittrex or its owner is the US, maybe they will do the same in the future lest they just wait for the right opportunity.

It's not, US is not accepting crypto as a kind of investment considering its volatility can bring the investors to the very high risk due to the volatility of the crypto itself. Bittrex was doing it caused by it's a regulation that must be followed by the bittrex itself to able to survive on its territory (US). Bittrex is an old US-based exchange site.
Crypto is still acceptable in US when it comes to the utility usage but US regulator is putting its eyes to the illegal crypto security offering which has already called ICO.
That's the main problem why bittrex must comply with all of the regulation in US or bittrex will be shut down by the government.

[Bloooomsss]

Yeah, I totally agree. Why not? Why are we so uninteresting. Every day - risk, risk - fun, life should be more fun.

[diazepam666]

We need to understand this people are professional and doing their business alone passionately. Then we need to look at the volume of the bitrex. There are many coins and team trying to list the project at there.
They have created such reputation. That is enough for everything.

[dragonvslinux]

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....

Do you have a source for this? This sounds almost interest, Bittrex's fingers in other exchange's pies and all that.
Sounds like a tragic affair.

[rocku12345]

We need to understand this people are professional and doing their business alone passionately. Then we need to look at the volume of the bitrex. There are many coins and team trying to list the project at there.
They have created such reputation. That is enough for everything.

That`s cool to see new listed coins, but too often a trading spread is so big there. Look at NEO it has one of the highest margine among the top exchanges! Volume = Spread it is a known truth, but who can explain to me, why so many perspective projects are still listed there ??
I registered my bittrex acc in 2017 and since that time i saw only unpleasant actions from admins to me. They blocked my account and asked for KYC, that`s really not in the cryptocurrency spirit. For monthly trading volume ($0k - $200k) margine is 0.25% which is one one the highest on the market, so who will trade with their branded coin ?

[Bloooomsss]

Trading in financial instruments and (or) cryptocurrencies involves high risks, including the risk of losing part or all of the investment, so it is not suitable for all investors. Cryptocurrency prices are extremely volatile and can change due to external factors such as financial news, legislative decisions or political events. Margin trading leads to increased financial risks.
Before deciding to make a transaction with a financial instrument or cryptocurrencies, you should get complete information about the risks and costs associated with trading in the financial markets, correctly evaluate investment objectives, your experience and acceptable risk level, and, if necessary, seek professional advice.

[numeracci]

Maybe they are starting something here?

https://bittrex.zendesk.com/hc/en-us/articles/360032214811-Learn-More-About-Bittrex-Credits

[asriloni]

Maybe they are starting something here?

https://bittrex.zendesk.com/hc/en-us/articles/360032214811-Learn-More-About-Bittrex-Credits

Nothing new on this news and that's very similar with loyalty program, you spent money and then you just get point and at the end of the story you can exchange your point or credit to the commission-free trade or it's just like a loyalty for the members. The more money you spend and the more credit you earn but this is an old mechanism and I still prefer to use a coin that owned by a platform like binance to get 50% discount for commission-trade anytime rather than this one.


I guess bittrex has an intention to issue its coin but due to the US regulation and bittrex credit becomes a replacement for the token.
This called as loyalty programs.