Exchange itBit announced June 14 on its website that the Department of financial services of the state of new York (NYDFS) has allowed her to provide clients with services for the storage and exchange of four cryptocurrencies: Bitcoin to Cash (BCH), Ethereum (ETH), litecoin (LTC) and Stellar Lumens (XLM). Now available at itBit escrow and OTC-transactions for large investors in these currencies, and soon the site will start trading in these assets .
itBit is the first cryptocurrency exchange licensed by the new York Department of financial services and operating in accordance with the banking laws of the state of new York. Final approval from the regulator relating to four new cryptocurrencies expanding the scope of opportunities for cryptocurrency sites operating in the state.
In 2016, the company itBit renamed themselves Paxos and itBit left solely with the exchange. Last month Paxos concluded the second round of campaign fundraising, which was attended by such investors like Liberty City Ventures, RRE Ventures and Robert “Jay” Jordan. The company managed to raise $65 million.
Although the exchange already offers a wide range of trading options, the extended license means that individuals and institutions will have access to assets other cryptocurrency besides bitcoin.