Upbit Ends Orderbook Partnership with Bittrex

Upbit, a South Korean cryptocurrency exchange has broken its partnership with Bittrex in a reorganization of its Bitcoin (BTC), Ether (ETH) and Tether (USDT) markets.

It has been reported from Decenter, a local South Korean news outlet on September 25 that earlier, it had a shared order book arrangement, with Bittrex orders being visible in the Upbit bid windows.

Upcoming rearrangement of markets

In a notice to customers, it declared that its intention is to introduce changes into its BTC, ETH, and USDT markets. These changes include the introduction of market orders, limit orders, and stop-limit features, although no further details of this are given.

However, the notice included a particular mention of the order book sharing with Bittrex being discontinued. This was, later, edited to remove specific reference to Bittrex.

Hence, the original wording, under the heading, “Discontinued order book sharing with Bittrex,” was as follows:

“As a result [of the changes], you will no longer be able to see orders placed at Bittrex in the Upbit BTC, ETH and USDT markets.” Order Book

Likewise, the updated notice has the heading, “Only Upbit member’s orders are displayed on the order book,” and reads, “After changes are applied, only orders place by Upbit users are displayed on BTC, ETH and USDT markets.”

Recently, Upbit aroused as one of the leading exchanges in the latest Blockchain Transparency Institute report. It has also delisted privacy coins over concerns about money-laundering.

#Bittrex #PartnershipEnds #Upbit

0 comments