On Monday, U.S. based crypto exchange Bittrex announced the formation of Bittrex International Inc., a new affiliate focused on managing subsidiaries outside of the U.S. The new company will start by establishing Bittrex Malta, an exchange based in the small country where notable exchanges like Binance ($BNB) have recently set up shop. According to a separate report, Bittrex also purchased a 10 percent stake in Malta based blockchain company Palladium.