Bitstamp becomes the launch partner for BLINC by BCB Group

We’re excited to announce Bitstamp will become the first cryptocurrency exchange to enable transactions on BLINC, a new settlement network by BCB Group that enables members to move fiat and crypto between accounts instantly, 24/7 and with zero transaction fees.

The BLINC network enables institutions to forgo conventional payment systems such as SWIFT and SEPA in favor of an architecture that supports free-of-charge instant transactions between members of the network. Transactions in all supported currencies are settled and cleared instantly, enabling funds to flow seamlessly between members of BLINC.

Bitstamp’s integration with the settlement network is currently underway and will be completed over the following months. By supporting BLINC, we are offering our institutional customers a frictionless mechanism to fund their trading accounts using GBP and EUR, giving traders at Bitstamp an edge on the fast-moving crypto markets and taking an important step towards strengthening the bridge between crypto and traditional finance.

We see improved efficiency of transactions as one of the key drivers of institutional adoption and are excited to expand the availability of these services at Bitstamp. Our exchange was already integrated with Fireblocks for faster crypto transactions as well as Signet from Signature Bank and SEN from Silvergate Bank for real-time USD transactions. The addition of BLINC expands the availability of these services to more customers and more currencies.