Share this article
ItBit Explores Adding Ether to Bitcoin Exchange
ItBit is evaluating whether to add support for ether, according to its CEO.
By Pete Rizzo
Updated Sep 11, 2021, 12:21 p.m. Published Jun 27, 2016, 9:01 p.m.
Make us preferred on GoogleItBit is considering whether to add support for ether, the native cryptocurrency of ethereum, to its digital currency exchange, according to its CEO.
In an interview last week, CEO Charles Cascarilla reported that itBit doesn’t currently deal in ether via its exchange or over-the-counter trading offerings. However, he suggested this could change following moves from competitors Coinbase and Gemini, both of which recently added support for ether.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Cascarilla told CoinDesk:
"Clearly ethereum is trying to create more functionality and there are benefits and risks to doing that. [But] we’ve been looking at it."
Cascarilla cited the recent demise of the ethereum-based fund The DAO as a potential risk factor, though he said he doesn’t think it "diminishes" the value of ether or ethereum itself.
The comments come as sources suggest itBit is increasingly focusing on blockchain post-trade solutions, and that more resources are being devoted away from its exchange operations.
According to data from Bitcoin Charts, itBit is currently fifth among USD bitcoin exchanges, reporting average 24-hour trade volumes of about 11,000 BTC, or just over $7m.
More For You
Pudgy Penguins is building a multi-vertical consumer IP platform — combining phygital products, games, NFTs and PENGU to monetize culture at scale.
What to know:
Pudgy Penguins is emerging as one of the strongest NFT-native brands of this cycle, shifting from speculative “digital luxury goods” into a multi-vertical consumer IP platform. Its strategy is to acquire users through mainstream channels first; toys, retail partnerships and viral media, then onboard them into Web3 through games, NFTs and the PENGU token.
The ecosystem now spans phygital products (> $13M retail sales and >1M units sold), games and experiences (Pudgy Party surpassed 500k downloads in two weeks), and a widely distributed token (airdropped to 6M+ wallets). While the market is currently pricing Pudgy at a premium relative to traditional IP peers, sustained success depends on execution across retail expansion, gaming adoption and deeper token utility.
More For You
Bitcoin miners surge higher as Anthropic's fundraising efforts boost AI spirits
Anthropic is set to raise $20 billion in its latest funding round, double the amount it initially targeted, according to the FT.
What to know:
- Anthropic, the maker of the Claude chatbot, is set to raise about $20 billion in new funding at a valuation of $350 billion, according to the Financial Times.
- That's double the amount the company initially sought to raise.
- The news is boosting spirits in the AI sector, with bitcoin miners turned AI infrastructure providers like IREN, TeraWulf, Cipher Mining and Hut 8 surging higher.
Top Stories
