Bitstamp, a leading European-based bitcoin and crypto exchange, announced today it will add pound sterling (GBP) next week. All of the exchange’s fiat and cryptocurrencies will get a GBP pair, with zero trading fees through September, 1st 2020. This includes USD, EUR, BTC, ETH, XRP, LTC, and BCH.
GBP trading is being added in the following stages:
1. Transfer-only mode: GBP deposits and withdrawals open on 1 June, but trading will not be enabled yet.
2. Post-only mode: Starting at 7 am UTC on 3 June, users will be able to place and cancel limit orders, but they will not be matched. Therefore, no orders will actually be completed during this stage.
3. Limit-only mode: At 9 AM UTC on 3 June, order matching will start and trades will be executed normally. However, only limit orders will be available.
4. Full trading: Once the order books gather sufficient liquidity, Bitstamp will enable all order types and card purchases for the new trading pairs as well.