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 investors 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.