USD Trading Begins Tomorrow at Cryptsy.com

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It’s a legal and regulatory achievement that many experts said would simply never happen. For years, it has been possible to purchase Bitcoins directly with USD. Now finally, beginning tomorrow, that option will extend to altcoins as Cryptsy, the World’s largest altcoin exchange, turns on the U.S. dollar markets, starting July 1st.

Cryptsy founder Paul Vernon, aka BigVern, started his journey into digital currency just a few short years ago as a mining pool operator. After seeing a need by miners to exchange their mined coins, he built a small private exchange for his pool users. That tiny exchange has since blossomed into an American digital currency powerhouse.

water_walkLast December, Barry Silbert, founder and chief executive of SecondMarket, said that Wall Street was three to six months away from moving into Bitcoin in a big way. He predicted that Wall Street was preparing to dive in and pour vast amounts of institutional and investor money into the digital currency.

Now, thanks to a man that one bitcointalk user proclaimed could have “taught Jesus to walk on water”, some of that Wall Street institutional and investor money can begin flowing directly into alternative cryptocurrencies including Dogecoin (DOGE), Litecoin (LTC), and Feathercoin (FTC), and indirectly into many other popular altcoins like Potcoin (POT), and Goldcoin (GLD).

What do you think will happen when the US dollar floodgates open? Will we witness an altcoin bubble? Log in below using your favorite social network and weigh in on the discussion.

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  • Jon Stern

    Goldcoin? Seriously?

    • Greg Matthews

      Yes. There are many exciting new innovations about to be introduced in the new Goldcoin client. I think Bitcoin will likely adopt some of these new features.

    • FreeJack

      Take a look at his bio and the picture will come into clearer focus for you. ;)

  • trololol

    FTC, GLD and POT – rly ?

    Add BlackCoin ! Or maybe dark or next. How much u have to pay cryptsy so it adds u ? JOKE

  • FreeJack

    “…other popular altcoins, like these two that I also hold.”

    Shoehorning these two altcoins into the end of the article is bald-faced pumping (especially in light of the fact that the author runs a forum community in support of Goldcoin). Have some editorial integrity.

    Cryptsy’s move does nothing to lend either of those coins credibility or support. Big Vern has come out in support of only five coins for direct-to-fiat trading…and all of them predicated on trade volume and market liquidity.

    There was no need to mention either Potcoin OR Goldcoin, because they are not part of the news story.

  • Mn_1

    If you would accept DGC over GLD (never heard about it before…), I would have let you a tip… :(

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