After reviewing Bitstamp’s application, the Securities Market Agency in Slovenia granted the company a Multilateral Trading Facility (MTF) license. With this authorization, the exchange may provide its retail and institutional customers with more advanced financial products. Moreover, the license grants Bitstamp the ability to provide crypto derivatives products including perpetual
In a significant update for the cryptocurrency community, Kraken announced the successful distribution of Bitcoin (BTC) and Bitcoin Cash (BCH) to creditors affected by the Mt. Gox hack nearly a decade ago. The now-defunct exchange’s long-awaited fund recovery process has been facilitated by Kraken, alongside Bitstamp and other partners. On
Bitstamp has assured to pay out debtors who were owed payments by Mt. Gox as soon as possible. The crypto exchange intends to reimburse investors far sooner than the 60 days allowed by their agreement with the Mt. Gox trustee for distributing tokens. Several Japanese creditors of Mt. Gox have
Robinhood, the popular trading platform, is set to acquire Bitstamp, a prominent U.K.-based crypto exchange, for $200 million in cash. This strategic purchase aims to support Robinhood’s global crypto presence and attract institutional clients, by introducing new product offerings. The transaction, bag to be finalized in the first half of
According to Bobby Zagotta, CEO of Bitstamp USA and the company’s worldwide chief commercial officer, the cryptocurrency exchange Bitstamp intends to restart operations in Canada after suspending them early in 2024. Bitstamp has stated in a statement that it will stop serving Canadian clients as of January 8, 2024. Moreover,
Bitstamp, a cryptocurrency exchange, has decided to end its staking services for users in the U.S. The exchange takes a 15% cut of staked rewards, as stated on their website. Staking ETH on the exchange yields a monthly payout of 4.50%, while staking Algorand yields a monthly return of 1.60%.
U.S. consumers will soon no longer be allowed to engage in trading in seven cryptocurrencies, according to the notice made on August 8. This is possibly due to recent regulatory updates by the U.S SEC. Beginning on August 29th, Bitstamp will no longer allow users in the United States to
Bitstamp, a cryptocurrency exchange, is in negotiations to acquire additional capital as the industry faces increasing regulatory scrutiny across the globe. The exchange’s global CEO, Jean-Baptiste Graftieaux, has said that the company began raising capital in late June, advised by Galaxy Digital Holdings and Mike Novogratz. The money will be
Bitstamp, a cryptocurrency exchange with a presence in the United Kingdom, is now one of the businesses authorized by the Financial Conduct Authority there. Approximately six months after the FCA added Hidden Road Partners and MoonPay in December 2022, on June 13, Bitstamp U.K. Limited and Interactive Brokers Limited is
Bitstamp has recently announced the launch of a lending service in Europe, Hong Kong, and the United Arab Emirates. There is no set lock-in term for the exchange’s lending product, which provides daily incentives and up to 4.4% APY. Bitcoin, Ethereum, Circle USDC, and Tether USDT are all supported for
