Cryptocurrency exchange itBit has announced that it has received the approval of the Department of financial services of the state of new York (NYDFS) to add support for four new cryptocurrency.
In addition to the professional exchange of cryptocurrency, access to which is granted only to companies and other large traders, itBit provides services for the storage, conditional Deposit and over-the-counter trade (OTC). Now on all these platforms, users, in addition to bitcoins, will be available Ethereum (ETH), Bitcoin Cash (BCH), Litecoin (LTC) and Stellar (XLM).
itBit is one of the five license holders Regulations from NYDFS regulator is probably the most rigid set of rules for cryptocurrency trading. As noted by the company in a press release, licensed in the state of new York exchanges, it was the first that added support for XLM.
“This is an important milestone for itBit, because we’re building a broader platform for cryptocurrency investors. We are committed to growth and evolution of this ecosystem, and the approval of the DFS allows us to offer more services to the trade and storage in a wider range of crypto-currency assets,” said itBit CEO Charles Cascarilla (Charles Cascarilla).
He noted that the regulator was “very innovative” in its approach to the cryptocurrency ecosystem assets, and the company is looking forward to “continued collaboration in the future.”
We will remind, earlier the Commission on trade commodity futures (CFTC) has demanded from itBit to provide detailed information about the auction. The request was linked to the investigation of possible manipulation of the market for bitcoin futures. The final price of these derivatives is based on data exchanges Coinbase, Kraken, Bitstamp and itBit.