Cryptocurrencies are traded via crypto exchanges. Therefore exchanges are enormously in demand nowadays. Despite the falling prices of Bitcoin and altcoins, the popularity of cryptocurrency isn’t slowing down. And due to this, such service providers have a responsibility to keep a close tab on the functions and operations of the system. Also dealing with new users introduces a lot of new problems and concerns. Bittrex, a viral trading platform seemed to have been facing similar issues a few months back.
Bittrex had inaugurated its services in 2013 with three cybersecurity engineers. They aimed at establishing a fast and secure blockchain trading platform for crypto enthusiasts across the United States. In December 2017, this exchange had to temporarily stop new sign ups due to its website hitting max-capacity. A waitlist feature came forward next on the exchange.
But it appears that Bittrex has adequately assessed all these potential risks. On April 10, it announced via an official press release that they are now accepting new user registrations. It seems that Bittrex is not only focusing on regular consumers this time, but it is also inviting corporations. As of late, companies have also been showing increasing interest in cryptocurrencies. Catering both these crowds is evidently ambitious, but Bitttex assures top-notch services in this regard.
To accommodate the increasing wave of new users, Bittrex has made a bunch of changes under the hood. For starters, the official website is revamped. Securities have been improved, and the trading engine also seems to have minor upgrades. Bill Shihara, the CEO of Bittrex announced,
"We've spent the past four years building Bittrex on the founding principles of innovation, security, and responsibility. Given these principles, pausing new user signups during a period of the immense trading volume was not a decision we took lightly, but our responsibility to provide customers with a reliable platform and outstanding customer service made it the right thing to do. After diligently working to improve our infrastructure and upgrade our website, we’re pleased to announce registration for new users resumed today."
The identity verification policy and procedure remain unchanged that the new users will have to go through. As of right now, complying with the existing KYC rules is the top priority of the trading platform. This platform is so popular among the traders that merely an hour had passed when the sign-ups were reopened that exchange had to shut the registration service again temporarily.
As of writing this, the registration page works as expected and the platform is accepting new users.