LONDON, July 29, 2019 (GLOBE NEWSWIRE) -- Bitstamp, Europe's largest cryptocurrency exchange, and BCB Group, one of the world’s leading global digital asset prime brokers, today announced a new partnership that will enable investors from the UK to transfer GBP directly to and from their Bitstamp accounts.
Through this partnership, Bitstamp will be able to support deposits and withdrawals directly in GBP, providing increased efficiency and reduced costs for clients. The new GBP service will be available to Bitstamp’s customers by the end of the year.
Oliver von Landsberg-Sadie, Founder & CEO of BCB Group, said: “We are delighted to be partnering with Bitstamp to create an efficient transaction experience for UK traders wishing to deposit and withdraw funds in GBP. We value this partnership not only because it enables UK clients to transact with Bitstamp onshore, rather than having to send funds offshore, but also because it furthers our mission to provide seamless prime services infrastructure covering compliance, trade execution and settlement and custody for clients wishing to access cryptocurrencies."
BCB Group’s range of solutions has been developed to cater to the needs of exchanges, institutions and high net worth clients seeking OTC best execution for their own accounts and who wish to offer cryptocurrency products and services to their own clients.
Bitstamp, which is the world's longest-standing crypto exchange and widely regarded as a pioneer in the industry, has placed an emphasis on reliable and secure service ever since it opened its doors in 2011. "This is a great fit," said Nejc Kodrič, Bitstamp CEO. "One of our points of emphasis is providing robust payment rails to our global customer base. We're excited to have BCB Group provide an additional boost to our efforts on that front."
Bitstamp, which will soon be celebrating 8 years of continuous operations, has had a busy year so far, launching a new mobile app and webpage redesign, reaching a number of new partnerships and ramping up the exchange’s presence in the US by obtaining a BitLicense and making strategic hires.
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About BCB Group
BCB Group: Building on established foundations
Responding to institutional demand for operational best practice in digital asset markets, BCB Group was created by established thought leaders in finance, regulation and technology. Founded in the UK and developed to encompass key relationships across global financial services communities, BCB Group is well positioned as one of the first multi-jurisdictional regulated cryptocurrency service firms. BCB Group’s executive team have worked for Barclays, Credit Suisse, Deutsche Bank, Investec, Lloyds Commercial Bank, Norton Rose Fulbright, FIS and Sun Life of Canada.
BCB Group is a cryptocurrency prime broker, a service specifically designed to cater to the needs of institutional clients who need OTC best execution for their own accounts and who wish to offer cryptocurrency products and services to their own clients. BCB Group’s service allows traditional brokers, hedge funds, crypto funds, wealth managers and private banks to extend their capabilities in the cryptocurrency market with a turn-key solution for onboarding, execution, settlement, reporting and custodianship. Founded in the UK with subsidiaries in Switzerland and South Africa, BCB Group is well positioned as one of the first multi-jurisdictional regulated cryptocurrency service firms. BCB Group pledges to give 1% of net annual profits to charitable causes
BCB Payments Limited, a BCB Group company, is registered with the Financial Conduct Authority, no. 807377, under the Payment Services Regulations 2017 as a payment institution. BCB OTC Trading LLC, a BCB Group company is regulated as a financial intermediary by VQF under the authority of the Swiss Financial Market Supervisory Authority FINMA, no 100509.
Founded in 2011, Bitstamp is a leading global cryptocurrency exchange and the EU’s largest by trading volume. Currently offering trading between BTC, BCH, ETH, XRP, LTC, USD and EUR, the exchange empowers individuals and institutions to reap the benefits of emerging financial technologies by unlocking reliable access to leading cryptocurrencies. With its focus on prudence and oversight, Bitstamp is uniquely positioned to serve as a stepping-stone between the traditional financial and cryptocurrency worlds. Safe and easy to use, Bitstamp always puts its customers first, which is why it gets the stamp of approval from over 3 million traders throughout the world. For more information about how Bitstamp supports the exchange of currencies, information, ideas and trust, visit www.bitstamp.net.
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