Bitstamp, one of ‘Europe’s oldest cryptocurrency exchange, announced today its partnership with BCB Group, a global digital asset prime broker, to provide support for GBP transactions on the ‘Bitstamp’s platform.
The collaboration will allow UK traders and investors to deposit and withdraw GBP denominations on Bitstamp, thereby experiencing an increased efficiency and reduced costs.
BCB Group is a regulated financial services provider that pushes the boundaries in the digital asset industry with a focus on prime brokage for institutional investors. The firm provides its services to high net worth clients, exchanges, and institutions in need of OTC executions and digital asset services.
Oliver von Landsberg-Sadie, CEO of BCB Group, commented on the partnership noting: “We are delighted to be partnering with Bitstamp to create an efficient transaction experience for UK clients wishing to deposit and withdraw funds in GBP.”
Bitstamp is also excited about the partnership as the CEO Nejc Kodrič, rightly expressed: “This is a great fit. 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 has been making significant improvements on its platform lately. Earlier this month, the exchange unveiled its Lightning Network Node to boost and “unlock a whole new level of utility for bitcoin.”
The adoption of a Lightning Network will make bitcoin transactions on Bitstamp become faster and cheaper.