Bitcoin News, Business, Top Stories

Bitstamp Exchange Adds Support For ‘BTC-USD’ Transactions.

In line with a recent official ‘announcement‘ published, popular cryptocurrency exchange named ‘Bitstamp’ has proclaimed a partnership with major Swiss on-line bank namely ‘Dukascopy’.

Bitstamp will now be supporting Bitcoin [BTC] transactions on behalf of Dukascopy Bank. Users would be able to transfer BTC to their accounts, convert them to U.S.D. and trade on Swiss FX Marketplace. Additionally, users would be able to transfer their funds back to the wallet in form of BTC. Bitstamp believes that this new partnership can contribute towards bridging the gap between cryptocurrencies and the standard financial system.

Earlier in Oct., 2018, Bitstamp was acquired by Belgium-based investment company NXMH, that in its flip is owned by South Korean media conglomerate NXC Corp.. Shortly once after the acquisition, Bitstamp proclaimed that was heading towards “global enlargement.”

As ‘reported‘ by EtherDesk earlier, another Swiss bank, Falcon non-public Bank, recently introduced support for direct transfers and storage of selected cryptocurrencies. As of Jan., the bank supports four main coins — Bitcoin [BTC], Bitcoin Cash [BCH], Ethereum [ETH], along with Litecoin [LTC].

Just earlier within this month, major Swiss investment bank ‘Vontobel‘ launched a crypto custody solutions targeting banks and asset managers, permitting them to provide their users, a number of crypto-related services along with digital asset purchases, transfers and storage.

In December, 2018, the Swiss city of Zug dubbed “Crypto Valley” was ranked as the fastest-growing tech community in Europe, per the annual “State of European Tech” report from London-based global tech company named ‘Atomico’.

Another analysis conducted by Swiss crypto investment ‘CV VC’ has shown that the no. of blockchain-related companies in Switzerland and Liechtenstein has continued to rise despite the ongoing “Crypto Winter.”

Leave a Comment

Your email address will not be published. Required fields are marked *