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 BTC.
Itbit will start immediately offering custody, escrow and OTC trading services for these new assets, with platform exchange trading to follow.
Itbit’s Product Offerings
Itbit’s website outlines several services such as crypto exchange, OTC trading, and custody services.
What do you think of Itbit adding BCH, ETH, LTC, and XLM products?
The SEC appears to be clamping down on crypto services offering yield-bearing products to United States citizens.
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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.
U. S. Securities and Exchange Commission (SEC) chairman Jay Clayton states that the SEC will not be bending the rules anytime soon when it comes to cryptocurrencies and that while bitcoin remains a commodity, all initial coin offering (ICO) tokens — or coins offered through a fundraising process — classify as securities.
The Bitcoin-silver price ratio highlights the ongoing tug-of-war between digital scarcity and traditional hard assets. While it should not be used in isolation, it provides critical insight into how capital is rotating beneath the surface.
Bitcoin price remains locked in a tight range between $80,000 and $90,000 as liquidity builds on both sides, increasing the likelihood of a sharp breakout once the balance breaks.
XRP price trades near critical $1.80 support as bullish momentum fades, increasing downside risk and raising the possibility of a capitulation move toward lower liquidity zones.