Published on June 14th, 2018 | by bitcoin0
NY Regulatory Approval – Four new Crypto Assets
Formerly Bitcoin (BTC)-only exchange itBit has received approval from the New York State Department of Financial Services (NYDFS) to add trading in four new cryptocurrencies, according to a press release shared with Cointelegraph June 14.
In addition to BTC trading, the platform will now be offering trading and custody services for Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC), and Stellar (XLM).
ItBit is the 31st largest crypto exchange in the world by 24-hour trading volume, according to data from CoinMarketCap, seeing about $54.2 mln in trades on the day to press time.
The newly added crypto assets will have custody, escrow and over-the-counter (OTC) services available immediately.
The press release notes that itBit is the “first NYDFS-approved Trust company to offer trading and custody services for crypto assets,” and the first to receive Department of Financial Services (DFS) approval to trade Stellar in New York.