Bitstamp Goes Live with Ethereum Trading

As demand for Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term continues to swell, European Bitcoin exchange Bitstamp has gone live with Ethereum trading today. Finance Magnates previously touched on Bitstamp’s planned support of Ethereum, which followed its recent foray into Litecoin trading back in June.

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The decision comes during a recent uptick in Ethereum, which reached all-time highs over the past few months. The cryptocurrency has established itself as the second largest with a market cap of $29.01 billion, trailing only Bitcoin. Following the support of Ethereum, traders will now have access to ETH/BTC, ETH/USD, and ETH/EUR pairs.

Ethereum sets new transaction record, outperforming #Bitcoin. https://t.co/sz15hjYsDc pic.twitter.com/J3RXTfyeTt

— VentureBeat (@VentureBeat) August 17, 2017

Bitstamp CEO, Nejc Kodrič, commented on the launch: "We've been encouraged by ether's potential and the demand shown for its inclusion among our trading pairs. We encourage new and existing customers to take full advantage of the introductory discounts we have made available on ETH trading fees."

Follow the Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term Podcast for exclusive interviews

"Since starting out in 2011, Bistamp's mission has been to be the safest and most reliable digital currency exchange on the market. Our careful approach has created a market reputation for prudence which has served us well as we continue to expand and give our customers the trading options they desire,” he added.