Only a short time ago, Bittrex was the benchmark for other exchanges to follow. It lead the way in innovation and security, but somewhere down the line it became complacent. From the outside Bittrex appeared to just sit and watch whilst new, energetic and competing exchanges ran smart marketing campaigns to take over the helm as market leaders.
Bittrex is Back?
Bittrex is still the cryptocurrency exchange of choice for many traders, however, if it wants to regain the title of Innovator in what is an increasingly competitive and cut-throat industry, then Decentraland could be the answer.
The blockchain and crypto elements that form the foundations of Decentraland make it almost inevitable that there will be a cryptocurrency exchange built in Metaverse at some point. The interest and demand is there, and if done correctly, the experience of trading in VR would literally be out of this world.
Bittrex in Decentraland?
It is important to note that at this point Bittrex has made no official announcements about it’s plans for Decentraland, or even if it will step up it’s involvement at all. However, there have been a few hints that their affection for the project is growing and they may already have a strategy bubbling away in the background.
Bittrex has seen potential in Decentraland from the beginning, becoming one of the first exchanges to list MANA token over 2 years ago.
Quieter than a mouse wearing slippers, the Decentraland district Bittrex Tomorrow (unrelated to the Bittrex company) has now undergone a full rebrand and officially changed its name to ‘Celadon Square’. Is this just a coincidence? or has it been done to avoid confusion with any official upcoming Bittrex projects?
3) Then there is the recent Decentraland competition, which saw huge support from some well respected brands such as HTC, CoinGecko and ofcourse Bittrex. In fact, Bittrex went one step further and ran a parallel promotion + prize, with the winning build being chosen by Bittrex CEO Bill Shihara.
Got design skills? Here's your chance to impress #Bittrex CEO Bill Shihara. He'll determine the winner of the Creator Contest with @decentraland. Enter contest: https://t.co/tX6mhHi8vf. pic.twitter.com/IISvPybYx7— Bittrex (@BittrexExchange) 24 March 2019
At this stage it is too early to say for sure whether Bittrex will act on it’s instincts and build what would certainly be a revolutionary trading platform in Decentraland. What is certain is that if Bittrex decides not to go ahead, then another company certainly will. The opportunity is too good to pass up, with reward far outweighing risk.
>Read more Decentraland News
>Read more about Celadon Square (formerly Bittrex tomorrow)
>Read more about Decentraland districts