The latest news about BitStamp
The latest news about BitStamp
Crypto

The latest news about BitStamp

By Marco Cavicchioli - 1 Jun 2020

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Recently there has been some news about the famous BitStamp exchange.

One of the most important is certainly the addition of the British pound (GBP) to the supported fiat currencies, which in fact opens the exchange to the British market. 

This is of particular importance since the company that manages the exchange is based in London, UK, and in addition to withdrawals and deposits, the new currency will feature trading pairs with all the cryptocurrencies.

In addition, until September 1st, 2020 GBP trading pairs will have no fees. 

On June 1st only deposits and withdrawals will be activated, but there will be no trading yet. 

As of June 3rd, it will initially be possible to create limit orders, but these will only be registered, and not yet executed. Starting at 9:00 UTC limit orders will be executed.

When the order book has enough liquidity, the other types of orders will be enabled. 

Moreover, last week a new type of order was activated, called FOK (Fill-or-Kill). This is a type of order available to API users, which consists of an order that must be executed immediately in its entirety. 

In the event that the order cannot be executed immediately in its entirety, it would be automatically cancelled. 

Another novelty is the new graphics of the website, announced last week, designed to make the overview of existing markets easier. 

Another initiative is the Mainnet2020 conference organized by Messari in June. BitStamp will not only participate but will also promote the event since 50% of the profits will be donated to charity for the fight against Coronavirus Covid19. 

Bitstamp’s trading volumes

BitStamp is one of the top 30 crypto exchanges in the world both for trading volumes and website visits, despite having a limited number of trading pairs. 

Half of the trading volumes are generated by the BTC/USD pair alone, while most of the remaining 50% are generated by the XRP/USD, ETH/USD and BTC/EUR pairs. 

With the addition of the GBP trading pairs, its volumes will probably increase, in part because out of the top ten crypto exchanges for trading volumes only three support the British Pound. 

 

Marco Cavicchioli
Marco Cavicchioli

Class 1975, Marco teaches web-technologies and is an online writer specializing in cryptocurrencies. He founded ilBitcoin.news, and his YouTube channel has more than 11 thousand subscribers.

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