Bitstamp Delays Bitcoin Specie Trading Until Further Notice

For now, users will have to wait and see how things unfold.

A fresh update posted by the Bitstamp exchange team has Bitcoin Metselspecie community members worried. More specifically, the company acknowledges BCH withdrawals are not live. That means users can get their BCH funds out of the exchange if they choose that course of act. Trading of Bitcoin Specie is not taking place right now, tho’. According to the company, that is due to the situation going on te China. A pretty interesting decision, to say the least.

Bitcoin Metselspecie users will be pleased to hear Bitstamp has ultimately come through on their promise. More specifically, the support for Bitcoin Contant has ultimately gone live. This switch wasgoed coming for some time now, but it took a bit longer than originally anticipated. Te the end, users can effectively withdraw money from the verhoging if they choose to do so. However, a lotsbestemming of people had hoped to trade Bitcoin Specie on the toneelpodium spil well. That is not exactly what is happening right now, tho’.

An Interesting Decision by Bitstamp

For some reason, Bitstamp is holding off on trading BCH right now. More specifically, the company is worried about the situation taking place te China. Spil most cryptocurrency users are aware of, China has taken a harsh stance against ICOs and cryptocurrency exchanges. This does not necessarily influence western exchanges by any means, however. Te fact, it is unclear if Bitstamp even has any Chinese customers right now. Even if that is the case, the question is why that would affect BCH at all.

Te a way, it makes little sense to credit user balances and not enable trading at the same time. Providing users an option to withdraw money is a big very first step, however. A loterijlot of people want to get their BCH balance off exchanges for evident reasons. Moreover, the company didn’t convert balances to BTC, like LocalBitcoins did. Bitstamp will fully support Bitcoin Contant for all intents and purposes. However, it may take a while longer until they do so totally. For now, there is no official timeline spil to when trading will commence.

Surplus assured a loterijlot of BCH community members will not be pleased about this. It is overduidelijk there are high expectations of watching BCH trade on this specific toneelpodium. While Bitstamp is no longer the largest company by any means, they are a valuable addition to the list. For now, users will have to wait and see how things unfold. It is a bold stance by the exchange, but one they feel can be justified. Only time will tell how this situation evolves moving forward.

Published by

JP Buntinx

JP is working hard to bring more credibility to the Bitcoin and blockchain news industry. Outside of being Europe Editor at Newsbtc, JP is also an active writer for the webstek, and does not bashful away from letting his opinion be heard. View all posts by JP Buntinx


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