- Crypto exchange Bitstamp has joined forces with Signet, Signature Bank’s commercial digital payments platform.
- The integration allows Bitstamp customers to transfer USD to and from the exchange in real-time quickly.
Crypto exchange Bitstamp has recently announced its integration with Signet, Signature Bank’s commercial digital payments platform. Through this integration, Bitstamp has increased the availability of around-the-clock, near-instant transfers to its institutional clients. The solution also allows users to transfer USD to and from the exchange in real-time. Clearing and settlement completed within a matter of seconds.
Bitstamp has become the first crypto exchange to integrate with Signet. The latter is based on a private implementation of the Ethereum blockchain, which allows institutions to move money within seconds by settling transactions using Signet tokens.
By joining forces with Signet and other similar platforms, Bitstamp has established a secure network for institutions to transfer and trade funds and digital assets. Miha Grčar, Bitstamp’s Global Head of Business Development, said:
Enabling frictionless flow of funds is one of the key areas that can help drive institutional adoption of cryptocurrencies. Signet combines blockchain’s strengths with the financial industry’s needs, which makes their approach and their platform a great fit for what we’re working towards at Bitstamp.
Signature Bank President and Chief Executive Officer Joseph J. DePaolo, said:
The Signet Platform is proving to be beneficial to many types of industries in need of instantaneous transactions to conduct their business operations. We continue to advance the platform as evidenced by the new API integration. Bitstamp and its type of business model is yet another example of the companies and industries which Signet can support by providing real-time transactions, payments and settlements.
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Recommended Content
Editors’ Picks
Ripple's move above this key level could trigger nearly 50% rally for XRP
Ripple has overcome a critical resistance level and flipped into a support floor on the weekly time frame. This development happened while XRP tightly consolidated for roughly 250 days. Investors can expect XRP to kickstart a massive rally.
Optimism price outlook with nearly $90 million worth of OP tokens flooding markets on Friday
Optimism volatility has shrunk in the ours leading to the network’s cliff unlock. It joins the likes of dYdX and Sui, which have similar events on their calendars. As token unlocks are often considered bearish catalysts, investors should brace for a reaction after the event.
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Retail watches from the sidelines with a bias for shorts
Bitcoin could clear $73,777 peak as BTC bulls resurface. Ethereum might fall 10% before next leg up as ETH RSI teases with sell signal. XRP could lose $0.6000 threshold as Ripple bulls fail to show up.
Jito price could hit $6 as JTO coils up inside this bullish pattern
Jito price action shows a potential cup and handle formation. Based on theoretical measurement rules, a successful breakout could yield a 56% rally to $6.0. A breakdown of the $3.86 support level would create a lower low for JTO and invalidate the bullish thesis.
Bitcoin: BTC may have recovered, but is it out of the woods?
Bitcoin’s (BTC) upward momentum has shown a significant decline for the past two weeks or so. This development led to a bearish signal on the weekly and an uncertain outlook on the monthly.