A few hours ago Bitstamp, a crypto exchange active since 2011, announced a new partnership with the BCB Group to provide support to British users and allow withdrawals and deposits in GBP.
— Bitstamp (@Bitstamp) July 29, 2019
As stated in the press release, by the end of this year, English users using the Bitstamp platform will be able to deposit and withdraw from their accounts using the GBP currency, resulting in greater efficiency and lower fees.
The BCB Group was one of the first to have a double licence in both England and Switzerland as a provider of digital asset-related financial services and to have an OTC (Over The Counter) trading desk platform in England. This partnership between BCB Group and Bitstamp will allow users to make transactions directly on the platform without the need to use different procedures, as stated by the founder and CEO of the BCB Group, Oliver von Landsberg-Sadie:
“We are delighted to be partnering with Bitstamp to create an efficient transaction experience for UK traders wishing to deposit and withdraw funds in GBP. 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”.
This is very positive news for Bitstamp and is well suited to their structure, as stated by CEO Nejc Kodrič:
“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”.
This is the umpteenth positive news that Bitstamp announces in a few weeks: in early July, in fact, the exchange had decided to integrate support for Lightning Network, creating its own node, and also announced a new addition to its staff, to ensure compliance for the US market.