A flurry of macro and crypto-specific factors is expected to impact this week’s $1.9 billion Bitcoin options expiry.
Bitstamp is a cryptocurrency exchange that was one of the first platforms for making transactions with virtual currencies. The company was founded in 2011 by Damijan Merlak and Nejc Kodrič and now is based in Luxembourg. The main feature of the Bitstamp exchange is allowing trades between the US dollar and Bitcoin. Deposits and withdrawals are available in USD, EUR, Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, the European payment system SEPA and international bank transfer. Bitstamp fees are usually 0.5% but it depends on the sales figure, so if it’s large enough the commission can be reduced to 0.15%. By 2018, BitStamp has added some functions such as the buying of cryptocurrency with debit or credit cards, or withdrawal of funds in the form of gold.
The crypto exchange is ending staking services for U.S.-based users on Sep. 25; the decision comes a few weeks after Bitstamp halted trading for seven altcoins in the country.3258
This week’s Crypto Biz explores PayPal’s stablecoin, Coinbase’s new layer-2 network, Bitstamp’s fundraising and the growing popularity of crypto bots on Telegram.7084
All the soon-to-be-suspended tokens are alleged by the SEC to be securities in its lawsuit against Coinbase and Binance.6025
One of the world’s oldest cryptocurrency exchanges, Bitstamp, is trying to scale its operations with new fundraising advised by Galaxy Digital.9107
The Financial Conduct Authority listed 42 registered crypto firms in compliance with the U.K. government’s Anti-Money Laundering and Combating the Financing of Terrorism rules.11114
This week’s Crypto Biz explores Hotbit’s closure, Hong Kong’s licensing of crypto firms, Bitstamp’s acquisition by Ripple and Ledger’s branding crisis.4505
Pantera was one of the largest shareholders in Bitstamp until 2014, when the exchange was acquired by Belgium-based investment firm NXMH.7311
Stablecoins are seen as a potential solution to crypto’s banking problem, but some of them are currently not immune to banking issues.3659
MicroStrategy confirmed that none of its 130,000 BTC is custodied by Silvergate. However, the firm does have a loan to pay off to the bank by Q1 2025.39981
Data from crypto exchange Bitstamp shows that institutional registrations on the trading platform increased by 57% in November.8261
Traditional financial institutions continue to demonstrate use cases for digital asset support, along with DeFi capabilities, despite current market conditions.5502
The EU-based exchange became the 46th crypto business to obtain a permit to offer virtual currency exchange services for fiat currency in the country.3569
Despite the downward market, global trust in cryptocurrencies like Bitcoin remains mostly unshakable, with countries like the U.S. showing more trust in crypto in Q2.3850
Bitstamp makes a U-turn on the planned €10 'inactivity fee' against users after widespread criticism, cites administrative fees as the reason for the proposed move.1865