Bittrex adds 12 new coins in Q2 of 2016

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Seattle, WA-based fully regulated virtual currency exchange Bittrex said that it added 12 new digital currencies in the second quarter of 2016, becoming the only exchange that lists all of the CoinMarketCap top 20 coins.

The digital currencies added in order of most recent include Rise, Waves, DigixDAO, Breakout, Project Decorum, The DAO, Krypton, Lisk, SARCoin, STEEM, Destiny and Memetic.

Waves and Lisk were listed first on Bittrex and debuted as top-ten coins. The former was added to the exchange in June, while the latter in late May. Since their introduction, the two digital currencies have steadily remained among the top 12 coins. It should be noted here that more than 95 percent of Waves as well as Steem trading is currently done through Bittrex.

Waves, says Bittrex, is a decentralized platform that uses custom blockchain tokens to represent value. Any platform user can issue the tokens, which can be transferred, swapped and traded on an integrated decentralized exchange and may represent a share in a crowdfunding project, financial instrument or any other item with inherent value.

Lisk, on the other hand, functions as an alternative to other decentralized application platforms. Programmers can make use of its simple platform and JavaScript to develop their own dapps.

“Bittrex continues to support innovative technology and business models on the blockchain, and we’re proud of the growing variety of options we provide our users,” said Bill Shihara, co-founder and CEO of Bittrex in a press release sent to CoinReport. “Each token is vetted thoroughly before we add it to Bittrex, and fair price discovery of tokens helps secure these networks and demonstrate market support in their use cases.”

Bittrex, which calls itself “the next-generation digital currency exchange,” conducts compliance audits on all new coin launches. The exchange, which at present supports more than 190 cryptocurrencies, says it does audits to ensure users have the information they need to make informed decisions.

Image courtesy of Bittrex via PR firm Transform Public Relations