US-based cryptocurrency exchange Bittrex is reportedly launching a crypto exchange in Malta at the beginning of next month.
Bittrex confirmed that “it will open a branch in Malta on October 1st, as part of its global expansion plans.”
Co-founder and CEO Bill Shihara explained that “the coin listing process will be much easier and faster in Malta,” adding that the exchange “will also not charge fees for listing.”
“Working with the government in the US to stay compliant is hard. So it would be very difficult for us to open offices around the world in different countries.”
Bittrex has already established a subsidiary in Malta as well as an affiliated company, Bittrex International, to manage all of its overseas operations.
Bittrex started offering US dollar trading in May but currently has no plans to add other fiat currencies, although there are plans to continue listing more digital currencies that trade against the US dollar. According to Coinmarketcap, Bittrex now lists 287 coins.