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Bitstamp Exploring Support for 25 Additional Cryptos and Stablecoins for Potential New Listings

Luxembourg-based foremost Bitcoin (BTC) exchange Bitstamp is considering support for as much as 25 new listings.

More digital assets on Bitstamp’s radar! We are exploring support for 25 additional cryptocurrencies and stablecoins for potential new listings: https://t.co/2z7KxsR8ss pic.twitter.com/m29IztqF75

— Bitstamp (@Bitstamp) September 3, 2020

According to Bitstamp’s announcement, the exchange is now exploring such cryptos and stable coins as Augur (REP), Maker (MKR), Terra (LUNA), UMA (UMA), Nexus Mutual (NXM), Solana (SOL), Keep Network (KEEP), Chia (CHIA), Digital Gold (DGLD), Polkadot (DOT), Chainlink (LINK), OMG Network (OMG). In addition, Bitstamp may add new listings for Cosmos (ATOM), Aave (LEND), Tezos (XTZ), Band Protocol (BAND), Cardano (ADA), Algorand (ALGO), Synthetix (SNX), Kyber Network (KNC), Compound (COMP), Balancer (BAL), Celo (CELO), Dai (DAI), and PAX Gold (PAXG).

As Bitstamp has stated, its strict technical, safety, and compliance reviews necessary for new listings cannot guarantee support for the assets mentioned. Besides, exploring these 25 coins does not disqualify any other assets from being monitored for potential listing at Bitstamp.

Founded in 2011, Bitstamp is the world’s foremost Bitcoin exchange. It provides customers with an easy to use, secure, and reliable service. It allows trading between USD currency and Bitcoin. Besides, Bitstamp allows USD, EUR, BTC, XRP, Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH) deposits and withdrawals.

Back in 2016, Bitstamp received a license from the government of Luxembourg, thus becoming the first regulated digital currency trading platform in Europe. The license opened new opportunities for Bitstamp. It got chances to partner with more serious financial institutions that are generally reluctant to deal with unlicensed companies. For example, soon, after receiving the license, the exchange partnered with Swissquote, a leading European banking group. The deal enabled Swissquote’s customers to trade both BTC/EUR and BTC/USD. In addition, Bitstamp collaborated with Moro & Kunst Lt., a major bullion trader with a strong position in global precious metals markets of Germany, Switzerland, Austria, Croatia, and Slovenia.

Last year, Bitstamp also received a license from the New York Department of Financial Services (NYDFS) it had been waiting for three years. It first applied for the license in June 2015, when NYDFS established a regulatory regime for cryptocurrencies. Bitstamp was among the first set of 22 applicants for the license. To receive BitLicense, Bitstamp underwent a robust examination into its Anti-Money Laundering (AML) and Know Your Customer (KYC) compliance. It also proved it had strong anti-fraud, capitalization, and cybersecurity policies.

In 2018, NXMH company, a Belgium-based subsidiary of South Korean NXC, acquired Bitstamp for $350 million. But the latter continued operating independently and maintained its mission, leadership, and vision.

Currently, Bitstamp positions itself as a highly reliable provider of crypto trading. It ensures high liquidity and offers premium 24/7 support.

Bitstamp Exploring Support for 25 Additional Cryptos and Stablecoins for Potential New Listings

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