Crypto Exchange Bitstamp Mulls Listing Ethereum Classic, Zcash

Crypto Exchange Bitstamp Mulls Listing Ethereum Classic, Zcash

Bitstamp, one of the leading crypto exchanges in Europe, plans to support more seven cryptocurrencies, including BAT, Ethereum Classic, Paxos, USD Coin (USDC), Stellar Lumens (XLM), Zcash (ZEC), and 0x (ZRX), Finance Magnates website reported.

The firm noted that such digital assets must comply with the relevant legislations and local rules, as well as strict technological, health and security reviews.

“As part of this exploration process, you may see signs of engineering work on our platform related to the assets listed above. We cannot guarantee that this will result in any new listings and it does not disqualify any other assets from being monitored for possible support at Bitstamp,” Bitstamp added.

In October 2019, the digital asset exchange has signed a partnership agreement with blockchain security firm BitGo, through which the latter will provide custody services to help the former’s clients store their digital assets securely.

Under the agreement, Bitstamp clients can access a custodianship carrying $100 million in insurance.

Bitstamp teams up with Silvergate

Bitstamp has landed a deal with cryptocurrency-friendly Silvergate Bank, under which Bitcoin leveraged trading will be piloted.

Under the synergy between Bitstamp and Silvergate, the exchange will be the launch partner for the bank’s Silvergate Exchange Network (SEN) Leverage service.

In the meantime, leveraged trading will be offered to a number of select institutional investors, and Bitcoin shall be the sole collateral to be supported by the service and to be custodied by Bitstamp as Silvergate Bank’s first exchange partner.

First officially licensed exchange in Europe

After obtaining a license to operate in Luxembourg in 2016, Bitstamp received a popularity boost. At that time, Bitstamp described the license as a good opportunity allowing it to become the first officially licensed crypto exchange to operate in Europe.

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Rabea Maguid 551 Articles
Rabea Maguid is a journalist completely obsessed with crypto industry. He holds B.A. from Al-Azhar University, and has a background in journalism and economics. Rabea Maguid likes to think about the future in a positive way, and sees blockchain as a potential driver of deep societal change.