Earlier in August, the platform announced that customers of the company from the UK can almost instantly conduct operations with the national fiat currency. Previously, it took several days.
And from September 7, 2018, customers from the UK will be able to trade ETH-GBP, ETC-GBP, LTC-GBP and BCH-GBP. The company stated that before the full trading services will be available, each new offer will undergo two stages of verification.
The expansion in the number of transactions with the British pound also occurred shortly after the U.S. stock exchange received a license from the British FCA regulator, which opened the way for the expansion of its operations in the UK and Europe.
WHY IS IT IMPORTANT?
- Prior to the innovations, the process of converting bitcoin (Bitcoin), bitcoin cash (EXANTE: BCH.EXANTE), ethereum (BITFINEX: ETH/USD.BITFINEX) and litecoin (BITFINEX: LTC/USD.BITFINEX) in euros, and then to the pound sterling through international bank transfers took several days.
- The market in the UK is considered the largest in Europe. The purpose of the exchange is to become a trading platform for British traders.