Cryptocurrency exchange itBit says it has received approval from the New York State Department of Financial Services (NYDFS) to add four major cryptocurrencies to its trading and custody services.
In addition to bitcoin, itBit will now offer custody, escrow and over-the-counter (OTC) trading services for bitcoin cash (BCH), ethereum (ETH), litecoin (LTC) and stellar lumens (XLM), with platform exchange trading to follow, according to a press release.
“We are committed to the growth and evolution of this ecosystem,” said Charles Cascarilla, CEO and co-founder of itBit.
In a rebrand back in 2016, the company shifted to the name Paxos, while the itBit brand was kept solely for its exchange business.
ItBit still operates as a separate division from others that take a focus on advancing private blockchain projects such as Bankchain.
itBit, a bitcoin and crypto trading service built for institutions and trading professionals today announced that it now offers expanded regulated trading and custody services for Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC) and Stellar Lumens (XLM).
The company will begin offering custody, escrow, OTC trading, and exchange services for BCH, ETH, LTC, and XLM, in addition to its existing BTC offerings. Japan Confirms Entrance Into the Crypto Space Approval by the NYDFS Itbit announced on Thursday, June 14, that it will start offering several new products based on cryptocurrencies other than
Formerly Bitcoin (BTC)-only exchange itBit has received approval from the New York State Department of Financial Services (NYDFS) to add trading in four new cryptocurrencies, according to a press release shared with Cointelegraph June 14.
Regulated cryptocurrency exchange Itbit announced today that it has received approval from the New York State Department of Financial Services to add more cryptocurrencies to its product offerings.
As market volatility and liquidity fragmentation persist, OTC desks are increasingly used by large traders to execute crypto transactions without disrupting public markets.
On the day Bitcoin finally punched through $100,000, a lot of people did the same thing. They screenshotted it. They sent it to group chats, posted it with rocket emojis, and pulled up old tweets from 2021 to dust off the victory laps they had been saving for years.
On the day Bitcoin finally punched through $100,000, a lot of people did the same thing. They screenshotted it. They sent it to group chats, posted it with rocket emojis, and pulled up old tweets from 2021 to dust off the victory laps they had been saving for years.
