Bitstamp, one of the major cryptocurrency exchange platforms with headquarters in Luxembourg, announced plans to offer cryptocurrency services to its clients in Spain because it has received a license to do so.
Bitstamp shared the news via Twitter and according to the announcement, it made a promise to be a secure crypto exchange platform for its Spanish customers. Spanish clients will be provided the opportunity to convert Bitcoin (BTC) to fiat currency and vice versa. Additionally, Bitstamp will provide token wallet custody to its users in Spain.
Hola Spain! 🇪🇸
We're thrilled to provide all Spanish customers with a safe, secure, and regulated exchange to trade #crypto.#Bitstamp #cryptotrading #regulation pic.twitter.com/e81Pt8N4Xa
— Bitstamp (@Bitstamp) November 17, 2022
Bitstamp claims its platform is safe and secure for its users because they have put various preventive and protective measures in place such as monitoring and reviewing changes made to codes and contracting independent third parties to check for weaknesses in its system.
In a bid to ensure safety in the crypto ecosystem, Bitstamp asked its users to provide updates on the origin of their source of crypto in its platform. Bitstamp customers were given a list of different types of documents that they can send to the exchange to verify their source of wealth deposited in its platform.
Europe’s Contribution to the Blockchain Industry
Europe has proven to be a big contributor to the blockchain industry as the use of crypto continues to expand across the continent despite the dwindling market situation that the ecosystem is presently experiencing.
In October, data obtained from CoinATMRadar revealed that Spain has officially surpassed El Salvador to take over as the third-largest crypto ATM hotspot in Europe. Spain officially has 215 crypto ATMs currently installed in the country with plans to add 100 ATMs before the year ends.
This installation of crypto ATMs indicates widespread popularity and may bring in more users to the ecosystem since they enable users to directly withdraw or deposit their Bitcoin (BTC) holdings against cash reserves. Crypto ATMs play a crucial role in the economy.
Crypto.com, one of Bitstamp’s rival crypto platforms, announces Paris, the capital of France as its European regional headquarter to support the crypto market in the region.
Crypto.com’s investment will help it strengthen its long-term commitment to France through the appointment of local expertise to lead the company’s efforts throughout the region with a focus on compliance, business growth, and product.
Additionally, Initiatives to strengthen Crypto.com’s in-market brand presence through consumer activations, engagement, and education will receive further funding.
