Focused mainly on institutional investors us bitcoin exchange itBit announced support for four new cryptocurrency, which will now operate in the state of new York.
New asset exchange are Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC) and Stellar Lumen (XLM).
Permission for the provision of services for the trading and storage of these cryptocurrencies issued by the Department of financial services of the state of new York (NYDFS), reported on the Agency’s website.
“We intend to actively contribute to the growth and evolution of this ecosystem”, said itBit CEO Charles Cascarilla.
It is worth to note that itBit has also become the first company that now offers a new York auction of Stellar Lumen (XLM). This could serve as a precedent and open the possibility for adding this cryptocurrency to other regulated areas.
Note, in 2015 itBit became the first formally regulated bitcoin exchange USA. In 2016, the company executed a rebranding and changed its name to Paxos. Brand itBit but continued existence in the stock market.
Simultaneously, the NYDFS announced that the sixth license to do business in the state of new York (Regulations) received a Swiss-based provider of bitcoin wallet Xapo.
To date, in addition to Xapo, Regulations also have Genesis Global Trading Barry Silbert, Japanese bitFlyer, Coinbase, Ripple, and Circle. In addition, a special permit for auction is exchange zcash for Gemini.
We will remind, in March the demand for receiving the Regulations filed payment solutions provider Square.