Uphold integrates with Bittrex
Uphold, the world's fastest growing cloud-based financial services platform, has announced its real-time integration with leading cryptocurrency exchange Bittrex, allowing real-time market pricing for its members to exchange Voxel, Litecoin and Ethereum into a wide range of fiat currencies, including the US dollar, Euro, Chinese yuan, Indian rupee, Japanese yen and British pound, as well as precious metals, including gold and silver.
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Uphold also has a long-standing integration with the preeminent global bitcoin exchange, Bitstamp.
This integration will allow Uphold users to trade with no fees, up to $1,000 per month ($12,000 per year), the following assets:
- Voxels, which has been the top trading coin in volume every day since it began trading on Bittrex on March 31, with its VR marketplace set to open April 20;
- Litecoin, the second most popular cryptocurrency over the past three years, available April 2016
- Ethereum, which has the largest market capitalization of any cryptocurrency in the world other than bitcoin, available on May 2016
“We are proud to provide the widest array of options to buy, hold, trade and convert seamlessly among multiple asset classes and soon these additional cryptocurrencies,” said Anthony Watson, President and CEO of Uphold.
Uphold’s unique business model of non-fractional reserve means that it will always hold over 100% reserves for the assets on both ends of a transaction. This compares to traditional banks, which are fractional reserve and can hold as little as 7% of its obligations on hand, leading to the repeated cycles of bank bailouts and “too big to fail” banks that have been responsible for the largest recession in US history. Uphold is proud to the be only financial services company in the world to have over 100% tier one capital, protecting its members.