Kraken enables Bitcoin Cash deposits and withdrawals

Kraken exchange announces Bitcoin Cash deposits and withdrawals 
08 August 2017   2313
Bitcoin Cash

A new cryptocurrency representing a hard-forked version of Bitcoin, different from it in the blocksize limits

One of the biggest cryptocurrency exchanges, Kraken now enables Bitcoin Cash deposits and withdrawals:

As the company reports, 20 confirmations are required before BCH deposits are credited. However, the exchange team does not exclude the opportunity of lowering this number:

We may lower the required number of confirmations in the coming weeks if the BCH network grows and more miners join the network.
 

Kraken exchange team

Blockchain

Distributed database that is used to maintain a continuously growing list of records, called blocks

Still, the exchange warns their customers about the potential risk when transferring funds due to the fact that the BCH network may remain potentially vulnerable for several weeks or more.

In the event that a deposit is invalidated on the network after the funds are credited to a Kraken account, the amount of the deposit will be debited from the account. If this results in a negative BCH balance withdrawals will be locked until the balance is corrected (by either depositing or buying BCH).
 

Kraken exchange team

According to the company, Kraken has asset-specific deposit addresses and any funds sent to an address that isn’t specific to the asset will not be credited. Thus, Bitcoin Cash (BCH) deposits should only go to BCH-specific deposit addresses, and regular Bitcoin (XBT) deposits should only go to XBT-specific addresses. Any BCH sent to a XBT deposit address will not be credited and any XBT sent to a BCH deposit address will not be credited.

Boerse Stuttgart to Launch Crypto Trading Platform

SolarisBank has a license to provide banking services in Germany and will become the banking partner of the exchange
13 December 2018   82

In the second half of 2019, the second largest stock exchange in Germany, the Börse Stuttgart Group, with the support of fintech company solarisBank, will launch a platform for cryptocurrency trading.

The official press release notes that solarisBank has a license to provide banking services in Germany and will become the banking partner of the exchange.

At the initial stage, the platform will support Bitcoin and Ether, and in the future, various tokens that will produce its own ICO-service of the exchange and will also be available in secondary markets.

Access to the trading platform will be available to both retail and institutional traders, and it will differ little from the existing securities trading platform.

In addition, the Boerse Stuttgart Group is awaiting approval by the regulator for the launch of a multilateral trading platform for cryptocurrencies, which will allow to compare the applications of buyers and sellers using electronic systems.

In April of this year, Sowa Labs, the Fintech division of the Stuttgart Stock Exchange, reported on the work on the Bison application for cryptocurrency trading. Its launch was expected in September, but so far has not yet taken place.

SolarisBank is also a partner of the Bitwala blockchain-start-up, which on the eve announced the launch of its updated cryptocurrency service offering users a single bank account with support for Bitcoin and Fiat.