In an official press release today, the London Block Exchange (LBX) has announced it has listed Bitcoin Cash (BCH) and Ethereum Classic (ETC) on its platform and are available for trade directly with the British Pound.
The exchange is not only popular with regular consumers but institutional investors too, which may be of great benefit to both ETC and BCH, as previously both coins have been out-of-reach for those looking to invest directly with the Great British Pound (GBP).
The LBX opened in November 2017 primarily for over-the-counter (OTC) trades, an industry term for the exchange of large amounts of assets processed off-exchange, but has been on-boarding retail customers recently after further developing its own trading application in line with KYC/AML protocols.
The two new additions bring the total coins listed to six, the remainder being Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Ripple (XRP), which was only added a few weeks ago.
Benjamin Dives, CEO and founder of LBX has confirmed that the inclusion of BCH and ETC was a result of high customer demand.
Since launching, we’ve proven incredibly popular among UK crypto-enthusiasts, given our low cost trading and excellent app. We’re now strengthening the fact we offer more coins than most popular exchanges and are listening to the community in deciding which coins we will list.”
LBX is the sole multi-currency exchange operating in the United Kingdom and also boasts being the only native exchange with on-shore banking support. These listings mark the first time either cryptocurrency has been available for direct trade in a GBP pairing.
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