Bitstamp, a bitcoin exchange, founded by Nejc Kodrič (CEO and co-founder), Damijan Merlak (a member of the management board and co-founder) in 2011, allows trading between USD currency and bitcoin cryptocurrency. It is Europe’s most significant cryptocurrency exchange. Along with it, Bitstamp launched a mobile app and webpage redesign on 31 January 2019. With its considerable progress, Bitstamp has now announced its new partnership with the BCB Group which provides financial services with digital asset specialism. The new collaboration with Bitstamp will allow investors from the UK to make deposits and withdrawals straight in GBP (British Pound), which will enable increased productivity and decreased costs for the clients.
Bitstamp’s CEO Nejc Kodrič described this partnership as a ‘great fit.’ Nejc said, “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.”
BCB Group flourished following the needs of exchanges and institutions and customers looking for OTC as the best implementation for their accounts in addition to those who present cryptocurrencies to their users. Founder & CEO of BCB Group, Oliver von Landsberg-Sadie expressed his gratitude towards the partnership. He said, “We are delighted to be partnering with Bitstamp to create an efficient transaction experience for UK investors wishing to deposit and withdraw funds in GBP. We value this partnership not only because it enables UK clients to transact with Bitstamp onshore, rather than having to send funds offshore, but also because it furthers our mission to provide seamless prime services infrastructure covering compliance, trade execution and settlement and custody for clients wishing to access cryptocurrencies.”
The new collaborated GBP service will be accessible to Bitstamp users by the end of the year 2019.