Bitstamp crypto exchange applied the Signet’s solution

Colin Baseman

Bitstamp, the oldest European digital asset exchange, announced the Signet solution’s integration. A virtual payment platform designed for institutional operators, from Signature Bank.

The platform has become the first cryptocurrency exchange to incorporate Signet™, a digital payments network of Signature Bank utilized by clients to make USD transactions in real-time, round the clock.

In line with exchange representatives, by using the Signet network, major customers will be able to accomplish practically instantaneous operations and secure transactions in USD using Signet coins at any time of the day, comprising holidays and weekends.

“Guaranteeing the smooth flow of resources is one of the main areas that can enable institutional cryptocurrencies adoption and making the bridge between the digital assets and traditional Finance world,” says the Bitstamp blog.

Signature Bank originated in New York collaborated with FINTECH establishment, True Digital Holdings LLC to present the platform Signet at the beginning of 2019. This event took place soon after getting suitable authorization from the Department of Financial Services of New York.

Federal Deposit Insurance Corporation (FDIC) from the US also permitted Signet to insure deposits made to the platform. The lowest amount of the consumer's balance has to be as a minimum of $250,000.

To remind, Bitstamp is planning to increase the listing of several common digital assets. The crypto exchange is planning a listing of  Zcash, Stellar, Ethereum Classic, and other tokens.

The Bitstamp BTC exchange aims to increase the listing of popular crypto assets

Bitstamp platform is exploring several novel virtual assets to increase the range of accessible exchange alternatives for its users.

The blog of the trading platform announces that the listed tokens are at present being considered for further listing:

  1. Zcash (ZEC)
  2. Ethereum Classic (ETC)
  3. Basic Attention Token (BAT)
  4. USD Coin (USDC)
  5. Paxos Standard (PAX)
  6. 0x (ZRX)
  7. Stellar Lumens (XLM)

As said by Bitstamp representatives, prior to extending the listing process, it is essential to perform a comprehensive analysis of the technical parameters of the analogous tokens, along with conducting compliance control.

To remind, Bitstamp has a highly traditional approach to providing sustenance for innovative assets. Therefore, currently, the stock has a listing of only five tokens — BTC, Bitcoin Cash, Litecoin, Ethereum, and XRP.

New token introduction by Bittrex Global

The BTC platform Bittrex’s European division has publicized the impending release of its digital asset.

It was tweeted by the exchange that Bittrex Global’s token listing will commence in June.

The platform does not reveal supplementary information. Nonetheless, responding to one remark, agents of the stock explained that the cryptocurrency will not be offered to US citizens.

The exchange interests with the point that during the preceding year, the share of Bittrex's exchange has been gradually lessening. Now, it is merely 1%, though when the year 2019 started, this indicator was over 3.5%.

Bitfinex Research Department Director Larry Cermak highlighted that both exchanges Poloniex and Bittrex relate the loss of positions to regulatory issues in the USA. Nevertheless, he is certain that while this partially takes part in it, the loss of the exchange was more an outcome of ineffectiveness and high rivalry.

To note, the exchange presented The Global Bittrex platform previous October. It has occupied the consumers' service worldwide. The company Bittrex International, which earlier cooperated with the platform, has shut down.

In March current year Bittrex Global backed trading pairs with the Euro currency.