Bitstamp launches EUR/USD trading pair

Investing | June 2, 2016 By:

Bitstamp has announced that clients can now trade Euros for Dollars.

“We are excited to announce that our clients can now use our new EUR/USD trading pair. The new trading pair allows for better mobility of funds and new arbitrage opportunities,” said Bitstamp.

Bitstamp’s endeavor into the forex market to enable EUR/USD trading could prove to be substantial for cryptocurrencies. Traders and companies that routinely hold and transact with USD and the Euro now have an additional platform wherein they gain access to digital currencies.

Headquartered in Luxembourg after acquiring its license, Bitstamp had previously enabled bitcoin purchasing via credit and debit cards for users in Germany and Italy earlier this year.