A quick update from Bitstamp today, the digital asset exchange and leading bitcoin exchange in the EU has officially announced the live launch of trading support for ETH/BTC, ETH/USD, and ETH/EUR.
Bitstamp’s decision to add ether to its platform came in response to strong demand from its customers and the rest of the cryptocurrency community, the live trading capabilities are now integrated after several months of planning.
To kick off ETH trading, Bitstamp is offering free ether trading until October 1, 2017, with discounts available thereafter until January 1, 2018.
[perfectpullquote align=”full” bordertop=”false” cite=”Bitstamp CEO, Nejc Kodrič” link=”” color=”” class=”” size=””]“We’ve been encouraged by ether’s potential and the demand shown for its inclusion among our trading pairs. We encourage new and existing customers to take full advantage of the introductory discounts we have made available on ETH trading fees. Since starting out in 2011, Bistamp’s mission has been to be the safest and most reliable digital currency exchange on the market. Our careful approach has created a market reputation for prudence which has served us well as we continue to expand and give our customers the trading options they desire.” [/perfectpullquote]
Ether deposits and withdrawals opened on Thursday, August 17 at 5 a.m. (EST), with full trading commencing at 9 a.m. (EST). Customers’ ether funds are secured with multi-sig ETH wallets provided by BitGo.
Bitstamp’s launch of ether trading support comes in the wake of the introduction of the exchange’s new unified fee schedule. Now, when calculating fees, the customer’s 30-day volume on all trading pairs is combined. This simplifies the trading process and keeps costs down for Bitstamp’s customers.