Bitstamp, one of the largest crypto platforms in Europe, has announced its plans to support a new set of digital assets, which includes 24 Cryptocurrencies and stablecoins.
This set of assets, according to Bitstamp, must be compliant with jurisdictional regulations and local laws, as well as strict technical, safety, and compliance reviews. The latest development, as the Luxemburg-based Exchange noted in its announcement, is a response to users who were requesting more assets to be added to the platform.
The Assets in View Include
- Augur (REP)
- Maker (MKR)
- Terra (LUNA)
- UMA (UMA)
- Nexus Mutual (NXM)
- Solana (SOL)
- Keep Network (KEEP)
- Chia (CHIA)
- Digital Gold (DGLD)
- Polkadot (DOT)
- Chainlink (LINK)
- OMG Network (OMG)
- Cosmos (ATOM)
- Aave (LEND)
- Tezos (XTZ)
- Band Protocol (BAND)
- Cardano (ADA)
- Algorand (ALGO)
- Synthetix (SNX)
- Kyber Network (KNC)
- Compound (COMP)
- Balancer (BAL)
- Celo (CELO)
- Dai (DAI)
- PAX Gold (PAXG)
However, the exchange does not guarantee the automatic addition of the listed coins, elaborating that the decision to support any additional assets requires strict reviews.
“As part of this exploration process, you may see signs of engineering work on our platform related to the assets listed above. We cannot guarantee that this will result in any new listings or in which jurisdictions any newly listed assets will be available. The decision to explore support for these assets does not disqualify any other assets from being monitored for possible listing at Bitstamp,” it further explains.
The move is another example where established crypto exchanges are taking the cue from newer platforms through the addition of more trading pairs to ensure they compete in an ever-increasingly competitive landscape.
As per its blog relating to the announcement, Bitstamp said it is taking this step in order to fulfill its mission of supporting all its customers’ desired assets, which meet the platform’s standards and also comply with their respective local laws.
Bitstamp celebrates its ninth year in operation, making it the longest-running crypto venue in a sector plagued by hacks and exit scams. The exchange is currently ranked 11 in terms of total spot trade volume, according to the latest data provided by CoinMarketCap.
Bitstamp has had a busy year so far. Most recently, it teamed up with the Fidelity-backed crypto-security firm, Fireblocks to allow its institutional clients to perform their transactions with just one confirmation. However, this service is only available to select customers, as both firms are working on adding more clearing and settlement capabilities to those running big bucks.
