European-based cryptocurrency exchange Bitstamp has reportedly entered into a partnership with digital asset brokerage BCB Group, allowing users execute transfers using British pounds sterling (GBP). This was reported from a source on July 29.
Per the report, the partnership is to enable its United Kingdom based-users make withdrawals and deposits directly into and from their Bitstamp accounts using GBP by the end of the year.
Speaking on the development, BCB Group founder and CEO, Oliver von Landsberg-Sadie, disclosed that the collaboration between Bitstamp and BCB is in line with the company’s goal in providing a robust and frictionless service infrastructure targeted at “covering compliance, trade execution and settlement and custody for clients wishing to access cryptocurrencies.”
The report also noted that BCB Group aims at providing over-the-counter execution solutions exclusively for exchanges and other agencies that offers cryptocurrency-related services to their customers.
Bitstamp cryptocurrency exchange is reported to have been in operation for 8 years, registered in Luxembourg, with a vision to provide users with excellent crypto services and also extend such services across the globe.
In a prevoius report in January, Bitstamp announced its partnership with popular Swiss-based online bank Dukascopy aimed at enabling the bank’s clients send Bitcoin to their accounts, convert them (Bitcoin) to U.S. dollars and trade them on the Swiss FX Marketplace, also giving them the option to transfer their funds backs to their wallets in Bitcoin.