Four New Coins added by itBit after NYDFS Approval

itBit declared it has got the approval from the New York State Department of Financial Services (NYDFS) to add 4 major cryptocurrencies
14 June 2018   1107

The New York-based exchange now lists 5 coins - Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and Stellar Lumens for trading. It will also extend its custody and escrow services to the new coins that it presently provides for Bitcoin. The exchange will also suggest OTC trading services, which are necessary for the institutional investors.

This is an important milestone for itBit as we create a broader platform for crypto asset investors. We are committed to the growth and evolution of this ecosystem and DFS approval allows us to offer more trading and custody services across a wider range of crypto assets. Regulatory oversight and security have always been at the forefront of building our platform. We are thrilled to be able to offer these new services to our customers.
Chad Cascarilla
CEO, itBit

itBit was the first exchange to acquire an operating license the New York Banking Law by the NYDFS. Though the firm is proud of its regulatory compliance, it was rather close to the end of the recent CFTC subpoenas, that the agency sent out to 4 crypto exchanges suspecting Bitcoin price manipulation.

We also expect to see greater institutionalization of the space as traditional financial players develop the understanding and comfort to begin participating in the ecosystem.
Chad Cascarilla
CEO, itBit

The itBit CEO also stated that the exchange expects to see continued differentiation as the more reliable and useful crypto assets and utility tokens get the momentum in a couple of years.

Poloniex to Suspend Operations for Few Hours

Representatives of the exchange say users' funds will be completely safe during maintenance
21 February 2019   78

The cryptocurrency exchange Poloniex has announced maintenance, which will begin on February 22 at 22 UTC. The trading platform will be unavailable for several hours.

Representatives of the exchange claim that the users' funds will be completely safe. Technical work associated with the modernization and transition "to the best data centers, which will increase the reliability of the platform and increase uptime."

Also in Poloniex noted that the trade orders of users will not be canceled.

Recall, recently Poloniex has added to the listing of privacy-oriented cryptocurrency Grin.