RATE Group | Bitstamp Becomes First Cryptocurrency Exchange to Integrate with Signature Bank’s Digital Payments Platform, Signet™
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Bitstamp Becomes First Cryptocurrency Exchange to Integrate with Signature Bank’s Digital Payments Platform, Signet™

07 May Bitstamp Becomes First Cryptocurrency Exchange to Integrate with Signature Bank’s Digital Payments Platform, Signet™

Posted at 16:15h in Cryptocurrency News by

NEW YORK, May 07, 2020 (GLOBE NEWSWIRE) — Bitstamp, the world’s longest-running cryptocurrency exchange and one of the largest by trade volume, today announced they have become the first crypto exchange to integrate with SignetTM, Signature Bank’s commercial digital payments platform, via their new Application Programming Interface (API) gateway.

By integrating with Signet’s API, Bitstamp has expanded the availability of around-the-clock, near-instant transfers to a greater range of its institutional clients. The solution allows Bitstamp’s institutional customers to transfer USD to and from the exchange in real-time 24/7, with clearing and settlement completed within seconds.

Signature Bank is a New York-based full-service commercial bank and the first U.S. financial institution to leverage the power of blockchain technology to improve the way funds are moved. Signet is based on a private implementation of the Ethereum blockchain, which enables institutions…

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