Uphold is an exchange platform actively expanding their services in a different manner than most platforms. By integrating with Bittrex to bring additional trading pairs to that exchange, several digital currencies- including Ethereum – will be supported by real-time purchasing and trading.
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Most people active in the world of digital currency will know the Uphold platform as they offer cloud-based financial services and a very popular exchange platform. Users can trade fiat currencies, precious metals, and even digital currencies such as Bitcoin and Ethereum on the platform. But the company is looking well beyond their own offerings.
Just yesterday, news broke of how Uphold integrated with the Bittrex exchange, creating real-time market pricing to exchange Ethereum Voxel, and Litecoin. These three digital currencies can be traded against a variety of fiat currencies and precious metals, which opens up exciting opportunities for digital currency traders.
Moreover, as part of this integration, Uphold users can trade fee-free for up to US$1,000 per month. It is important to keep in mind this offer only applies to Voxels, Litecoin, and Ethereum. Voxel can be traded without fees already, whereas Litecoin support is coming later today, and Ethereum will follow at some point in May 2016.
What makes this integration so unique is how Uphold will always hold over 100% reserves of all of these assets on both ends of a transaction. This is done to protect all of the platform users, and the cloud-based trading platform is the only one in the financial world to offer this type of financial security.
Uphold is trying to make a bigger name for itself in the world of digital currency world, and integrating with other exchanges is an interesting choice. Whether or not these plans will work out, remains to be seen. But it is positive to see platform think outside of the box, rather than to rest on their laurels; that much is certain.
Source: Uphold
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