Exchanges

Bitstamp to enable GBP transfers via partnership with BCB Group

London-based digital asset prime brokerage firm BCB Group has secured a partnership with cryptocurrency exchange Bitstamp.

The partnership will allow Bitstamp’s customers to deposit and withdraw funds in GBP, opening yet another fiat gateway for British citizens.

The new service will be available to Bitstamp’s users by the end of the year, according to a press release shared with Coin Rivet.

Oliver von Landsberg-Sadie, founder and CEO of BCB Group, 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.”

He continued: “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.”

BCB Group has offices based in the prestigious One Canada Square building in London’s Canary Wharf. It offers solutions to high-net-worth clients and institutional investors who want to purchase digital assets over-the-counter (OTC).

Bitstamp is one of the longest-running cryptocurrency exchanges and has been operating consistently since 2011. Its CEO, Nejc Kodrič, said the partnership with BCB Group “is a great fit”.

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Oliver Knight

Londoner ‘Ollie’ graduated from Birmingham City University with a journalism degree in 2016. He combines his writing with his love of crypto and blockchain here at Coin Rivet, saying “It disrupts well-established institutions (banks) while giving an avenue to the less fortunate to achieve financial freedom.” Like all true Londoners, his pet hate is… “People standing on the left-hand side of the escalators on the Tube!”.