Bitstamp to Add Bitcoin Cash Trading Support

Uncategorized | November 22, 2017 By:

Regulated European bitcoin exchange Bitstamp has announced that it will add Bitcoin Cash trading support on its platform next month. Bitcoin Cash trading will be available in three currency pairs, including BCH/BTC, BCH/USD, and BCH/EUR.

Bitcoin Cash is a fork of bitcoin that was created in August. Bitcoin Cash increases the size of blocks, allowing more transactions to be processed. It is the third-largest cryptocurrency by market cap. It is currently trading at $1191 per coin.

Bitstamp co-founder and CEO Nejc Kodrič stated that listing BCH is part of their efforts to list more currencies and respond to the demand they have seen. He added that the company will continue to support trading for all currencies they offer as long as there is market demand for it.

“There is an extensive list of criteria that we take into consideration — most importantly, we list cryptocurrencies that meet our customers’ demands, our technological and liquidity requirements, and finally, currencies that are consistent with our long-term vision,” said Kodrič.

Founded in 2011, Bitstamp was created as a European-focused alternative to then-dominant bitcoin exchange Mt. Gox. While the company trades in US dollars, it allows money to be deposited through the European Union’s Single Euro Payments Area (SEPA), a convenient way of transferring money between European bank accounts. Bitstamp is based in London, United Kingdom with additional offices in Luxembourg; and Berkeley, California.