Published on June 14th, 2018 | by bitcoin0
ItBit Trade Includes 4 Modern Cryptos for Investors
Cryptocurrency exchange itBit says it has received approval from the New York State Department of Financial Services (NYDFS) to add four major cryptocurrencies to its trading and custody services.
In addition to bitcoin, itBit will now offer custody, escrow and over-the-counter (OTC) trading services for bitcoin cash (BCH), ethereum (ETH), litecoin (LTC) and stellar lumens (XLM), with platform exchange trading to follow, according to a press release.
“We are committed to the growth and evolution of this ecosystem,” said Charles Cascarilla, CEO and co-founder of itBit.
In a rebrand back in 2016, the company shifted to the name Paxos, while the itBit brand was kept solely for its exchange business.
ItBit still operates as a separate division from others that take a focus on advancing private blockchain projects such as Bankchain.