Crypto Exchange Bitstamp Partners with Prime Broker to Enable GBP Transfers

  • European exchange Bitstamp partners with BCG group to support deposits and withdrawals in GBP by the end of this year
  • An xRapid partner, Bitsatmp will provide increased efficiency and reduced costs for its UK customers

Luxembourg-based cryptocurrency exchange Bitstamp is now adding GBP to its list of fiat currency options in partnership with the prime broker BCB group, announced the exchange on July 29.

Bitstamp which is approaching its 8th birth anniversary is one of the ten exchanges with real volume. In June 2019, it recorded 3.95 million monthly visits, as per Similar Web, which has been on the rise since March 2019.

“This is a great fit,”

says Nejc Kodrič, Bitstamp CEO.

“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.”

Increased Efficiency and Reduced Costs for UK Customers by EOY

With this new partnership, the European exchange will be able to support deposits and withdrawals in GBP. This service that will provide increased efficiency and reduced cost for its clients will be available to Bitstamp’s customers by the end of this year.

“We are delighted to be partnering with Bitstamp to create an efficient transaction experience for UK investors wishing to deposit and withdraw funds in GBP,”

said Oliver von Landsberg-Sadie, Founder & CEO of BCB Group.

BCG Groups is a regulated financial services provider, with a focus on prime brokerage for institutional markets. Its range of services includes digital custody, trade execution, and settlement, payment services, business banking, compliance, and consolidated reporting.

It claims to be the first digital asset financial services group that has dual regulation in the UK and Switzerland, BCB Group is also the

“UK’s fastest-growing OTC trading desk.”

Further talking about its partnership with Bitstamp, Landsberg-Sadie said,

“We value this partnership not only because it enables UK clients to transact with Bitstamp onshore, rather than having to send funds offshore, but also because it furthers our mission to provide seamless prime services infrastructure covering compliance, trade execution and settlement and custody for clients wishing to access cryptocurrencies.”

Bitstamp is also an xRapid partner as revealed by Ripple CEO Brad Garligosue in December. This made it the fourth cryptocurrency exchange to support Ripple’s xRapid solution, that uses XRP token.

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