Bitstamp, a Luxembourg based crypto exchanged, announced on Monday it has teamed up with global asset prime broker BCB Group to enable investors from the UK to transfer GBP directly to and from their Bitstamp accounts.
Bitstamp reported that through the partnership it may support deposits and withdrawals directly in GBP, providing increased efficiency and reduced costs for clients. Oliver von Landsberg-Sadie, CEO of BCB Group, stated:
“We are delighted to be partnering with Bitstamp to create an efficient transaction experience for UK clients wishing to deposit and withdraw funds in GBP.”
Nejc Kodrič, Bitstamp CEO, added:
“This is a great fit. One of our points of emphasis is providing robust payment rails to our global customer base. We’re excited to have BCB Group provide an additional boost to our efforts on that front.”
Founded in 2011, Bitstamp supports the exchange of currencies, information, ideas and trust. Over million of traders around the world reportedly use Bitstamp’s trading tools. Trading includes BTC, ETH, XRP, BCH, and LTC.