One of Europe’s most reputable and largest cryptocurrency exchanges, Bitstmap, revealed its plans earlier this year to start listing Bitcoin Cash (BCH) before the end of 2017. However, the Bitstamp CEO has recently explained the thought behind this decision as it was purely driven by customer demand.
Bitstamp has confirmed earlier this week that their exchange platform will be ready to launch BCH trading pairs in a few weeks. Bitstamp will list BCH in three different currencies, including BCH/EUR, BCH/BTC, and BCH/USD. This decision could perhaps not have been timed better as BCH has experienced promising growth over the last few weeks. Since, the price has dropped and stabilized around $1,200, BCH still boasts the third highest market cap in the cryptocurrency industry.
According to Nejc Kodrič, CEO and co-founder of Bitstamp, the trading platform decided to list BCH following a significant increase in demand from their users. Kodrič added that the trading platform will continue to support a diverse set of cryptocurrencies, providing that there is a demand for it.
This past year has been a landmark one for the cryptocurrency, as it has been more readily accepted into the mainstream financial landscape. In this last year alone, Bitstamp has listed a record-breaking number cryptocurrencies, including Litecoin, Ripple, and Ethereum.
According to Kodrič, since the firm’s inception in 2011, Bitstamp has strived to provide users with a safe and stable way of participating in cryptocurrency investing. While this has protected their users, it often meant a long period of waiting, watching, and consideration before listing an emerging cryptocurrency.
While this attitude towards cryptocurrency trading has allowed Bitstamp to create a reputable foundation, Kodrič stated that following its cautious foundational years, the company felt that they could finally start adding new trading pairs, while still being compliant with their company vision.
Despite its limited investment options in cryptocurrency, Bitstamp performs well in terms of its daily trading volume. In the last day, the firm processed over $120 million. Earlier this week, Bitstamp exchange over 15,061 of BTC, and currently holds the position the world’s fifth highest daily trading volume in Bitcoin. However, this could soon include more cryptocurrencies as Kodrič confirmed that the exchange is looking towards adding more cryptocurrencies according to their users’ demand. However, cryptocurrencies will only be added if they are compliant with Bitstamp’s standards, criteria, and vision.
According to Kodrič, Bitstamp has a comprehensive set of criteria that a cryptocurrency must comply with before being added. Criteria include the demand for the cryptocurrency, the cryptocurrency's technological support requirements, and liquidity. Lastly, the cryptocurrency is subject to the company's vision, before being considered for inclusion.
Bitstamp has confirmed earlier this week that their exchange platform will be ready to launch BCH trading pairs in a few weeks. Bitstamp will list BCH in three different currencies, including BCH/EUR, BCH/BTC, and BCH/USD. This decision could perhaps not have been timed better as BCH has experienced promising growth over the last few weeks. Since, the price has dropped and stabilized around $1,200, BCH still boasts the third highest market cap in the cryptocurrency industry.
According to Nejc Kodrič, CEO and co-founder of Bitstamp, the trading platform decided to list BCH following a significant increase in demand from their users. Kodrič added that the trading platform will continue to support a diverse set of cryptocurrencies, providing that there is a demand for it.
This past year has been a landmark one for the cryptocurrency, as it has been more readily accepted into the mainstream financial landscape. In this last year alone, Bitstamp has listed a record-breaking number cryptocurrencies, including Litecoin, Ripple, and Ethereum.
According to Kodrič, since the firm’s inception in 2011, Bitstamp has strived to provide users with a safe and stable way of participating in cryptocurrency investing. While this has protected their users, it often meant a long period of waiting, watching, and consideration before listing an emerging cryptocurrency.
While this attitude towards cryptocurrency trading has allowed Bitstamp to create a reputable foundation, Kodrič stated that following its cautious foundational years, the company felt that they could finally start adding new trading pairs, while still being compliant with their company vision.
Despite its limited investment options in cryptocurrency, Bitstamp performs well in terms of its daily trading volume. In the last day, the firm processed over $120 million. Earlier this week, Bitstamp exchange over 15,061 of BTC, and currently holds the position the world’s fifth highest daily trading volume in Bitcoin. However, this could soon include more cryptocurrencies as Kodrič confirmed that the exchange is looking towards adding more cryptocurrencies according to their users’ demand. However, cryptocurrencies will only be added if they are compliant with Bitstamp’s standards, criteria, and vision.
According to Kodrič, Bitstamp has a comprehensive set of criteria that a cryptocurrency must comply with before being added. Criteria include the demand for the cryptocurrency, the cryptocurrency's technological support requirements, and liquidity. Lastly, the cryptocurrency is subject to the company's vision, before being considered for inclusion.