Great British Pound Coming to Bitstamp
Bitstamp, a cryptocurrency exchange established out of Luxembourg, announced that it has entered into a partnership with the BCB Group. This digital asset prime broker will enable Bitstamp to provide the Great British Pound currency on its platform. The GBP with Bitstamp will be allowed for both withdraws and deposits. The GBP will be available to United Kingdom clients only, with a launch date for the service expected to be five months from now at the end of December.
The Chief Executive with the BCB Group, Oliver Von Landsberg-Sadie stated: “We are delighted to be partnering with Bitstamp to create an efficient transaction experience for UK clients wishing to deposit and withdraw funds in GBP.”
The brokerage services maintained by the BCB Group allow for clients to manage cryptocurrencies across numerous asset classes. The classes provide crypto infrastructure for settlements, reporting, onboarding, executions and custodianship. The CEO of Bitstamp, NejcKodric, stated: “This is a great fit. One of our points of emphasis is providing robust payment rails to our global customer base. We’re excited to have BCB Group provide an additional boost to our efforts on that front.”
Bitstamp’s Expansion into Global Markets
It has grown exponentially in five years, becoming the largest cryptocurrency exchange in the European Union. Typically, more than $70 Million in trading/investing is maintained through the exchange daily. These are higher trading volumes than any other exchange in the market today.
Bitstamp will be expanding their services to foreign markets worldwide in a few months. The exchange was able to garnish an NYDFS License, which will allow for Bitstamp to offer their crypto services in the New York State. The company is already beginning preparations for the United Stated Market by hiring Caitlin Barnett, a prior employee for the Winklevoss Twins. She will act as the head of compliance for Bitstamp in the USA.