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Bitstamp Announces When it Will Cease Offering Services in Canada

Bitstamp’s CEO, Bobby Zagotta, announced that the firm will be discontinuing its services to customers in Canada. The decision is set to take effect on January 8, 2024, and comes after Bitstamp informed its Canadian customers of the impending change back in March. Bitstamp to Exit the Canadian Market Bobby Zagotta, the U.S. CEO and Global Chief Commercial Officer at Bitstamp, issued a statement regarding the development. He expressed the company’s gratitude towards its...

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Bitstamp to Exit Canadian Market in January 2024

The reason behind the decision to leave the Canadian market was not revealed by Bitstamp. Notably, the exchange follows Binance, OKX, and Bybit which announced their exit from Canada earlier. Luxembourg-based crypto exchange Bitstamp is planning to stop providing services in the Canadian market in January 2024. The deadline for withdrawing customers’ funds is January 8. Afterward, Bitstamp will deactivate Canadian users’ accounts. The announcement was shared by Bobby Zagotta, Bitstamp’s US...

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Bitstamp to End Ethereum Staking for United States Customers

CoinspeakerBitstamp to End Ethereum Staking for United States Customers Although the application of the Howey test to staking Ethereum and many other cryptocurrencies can be complex and subject to different legal interpretations, the SEC insists that staking qualifies as an investment contract under the Howey test. Bitstamp to End Ethereum Staking for United States Customers

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Bitstamp is Paving the Way for Crypto Payments

Crypto exchange Bitstamp has formed a new partnership with Qi Digital to ensure that all companies, banks, and payment providers that work with it can accept crypto as a method of payment. Bitstamp is Making It Easy to Pay with Crypto The move is pushing the goals of bitcoin and its digital counterparts closer to being achieved. What many people likely forget is that while bitcoin and many of its crypto cousins have taken on either speculative or even hedge-like...

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Bitsamp Not For Sale: Exec Confirms Fundraise Plans for International Expansion

Bitstamp – the world’s longest-running cryptocurrency exchange – is currently engaged in discussions to secure new capital to ramp up its operations. The revelation was made by Jean-Baptiste Graftieaux, Bitstamp’s global chief executive officer. Besides focusing on raising capital to expand the services to retail and institutional crypto clients, Bitstamp also plans on diving into the derivatives space. Bitstamp Fundraise The fundraising process was initiated in late June,...

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Bitstamp Offers Permanent APY on XRP Lending: Details

Crypto trading platform Bitstamp has introduced an XRP lending service offering a “permanent” 2% yield, shortly after relisting the asset for trading last month. This puts XRP on an already sizable list of coins viable for 2% APY on Bitstamp, including Bitcoin (BTC), Ethereum (ETH), USD Coin (USDC), and Tether USD (USDT). Permanent Yield On XRP? As explained by Bitstamp in a blog post on Thursday, the company partners with Tesseract for its lending service, which “only lends...

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Bitstamp Joins Gemini and Archax on List of FCA-registered Exchanges

Amid growing concerns about consumer protection, market integrity, and financial crimes, the FCA has increased its scrutiny of the crypto sector. The UK’s Financial Conduct Authority (FCA) has approved Bitstamp’s registration as a crypto asset firm. Following the approval, Bitstamp became only the third firm to obtain the FCA license as a crypto exchange, following Gemini and Archax. Bitstamp Secures FCA Approval According to the FCA’s crypto register, Bitstamp UK Limited secured...

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