bitstamps CEO explains his decision to list bitcoin cash

in #bitcoincash7 years ago

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The oldest and largest cryptocurrency exchange in europe bitstamp plans to list bitcoin cash BCH trading pairs at the end of november or early becember bitstamp revealed its decision to release BCH holdings and list the digital asset this past september due to high levels of customer demand .

bitstamp will list bitcoin cash

This week the european digital asset exchange bitstamp revealed to news.bitcoin.com that bitcoin cash markets would be listed on the trading platform within the next few weeks . BCH trading will be available in three currency pairs including BCH & BTC, BTH & USD and BCH & EUR . over the past few weeks BCH markets have rallied reaching an all time high of $ 2400 across global exchanges . presently BCH markets have dropped to roughly $ 1200 but the currency still commands the third highest market capitalization among the 1000 + digital assets .

News.bitcoin.com spoke with bitstamps co founder and CEO nejc kodric about adding bitcoin cash to the exchanges current lineup .

pressing ahead with the addition of further trading pairs and services

Bitstamp has listed more currencies in 2017 than ever before adding ripple ethereum and litecoin . kodric explains to news.bitcoin.com why they chose to list multiple cryptocurrencies this year .

Since starting out in 2011 our mission has been to be the safest and most reliable digital currency exchange on the market our watchwords have always been stability and organic growth and this mentality has served us well kodric notes .

cryptocurrencies added to bitstamp must meet the platforms criteria and customer demands

Between all the currencies listed on the trading platform bitstamp is processing well over $ 120 million in trade volume . on november 20 the exchange swapped over 15,061 BTC worth of volume and currently captures the 5th highest bitcoin volume among all the global trading platforms . kodric tells us theres a possibility bitstamp will add more digital assets as cryptocurrency demand continues to grow .

There is a chance more cryptocurrencies may be added in the future assuming they meet out standards for inclusion on out exchange kodric emphasizes .

There is an extensive list of criteria that we take into consideration most importantly we list cryptocurrencies that meet our customers demands our technological and liquidity requirements and finally currencies that are consistent with our long term vision bitstamps founder adds .

What do you think about bitstamps dicision to list bitcoin cash markets ? let us know your thoughts in the comments below . images via shutterstock bitstamp and finance .si.

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