The Former Bitcoin Exchange ItBit Got Approval for the Addition of Four New Cryptocurrencies
Bitcoin exchange ItBit, will now work with the altcoins. The Financial Services Department of the State of New York has allowed the trading platform to add four new crypto assets to its listing. This was reported today, in a press release from ItBit. In addition to the BTC, the trading floor will also offer the purchase, sale and storage of such cryptocurrencies as Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC) and Stellar (XLM).
Based on the CoinMarketCap, the exchange takes the 31st place in the world in terms of trading volume. Daily, on the site there are trades worth more than 54 million US dollars.
Cryptocurrencies that have been added to the listing are already available for storage, trade and purchase. In the announcement published on the site of the site, it is said that ItBit is the first exchange in history to obtain permission from the Financial Services Department of the State of New York in dealing with the Stellar cryptocurrency.
According to Charles Caskarill, who is the CEO of the site, the addition of new digital assets has become quite an important stage of development. This event will attract an even larger audience to work on this platform.
“We are committed to the growth and evolution of this ecosystem and DFS approval allows us to offer more trading and custody services across a wider range of crypto assets.”
Recently, the ItBit exchange has become the object of various regulatory probes in the United States of America. Answering the question about the current state of affairs in the company, the CEO said:
"As the marketplace evolves and innovates with new technology, so too does oversight. We support all market participants, exchanges, regulators in having a dialogue to enhance transparency and find common ground."In early June, the New York Legislature voted to draft a bill to create a digital currency target group, which will specialize in the implications of the Cryptocurrency for the financial market of New York State.
In early June, the New York Legislature voted to draft a bill to create a digital currency target group, which will specialize in the implications of the cryptocurrency for the financial market of New York State.