This week, Paxos announced the launch of Paxos Standard™, the world's first regulated crypto asset. The Paxos Standard token is fully collateralized 1:1 by the U.S. dollar, issued by the Paxos Trust Company, and approved and regulated by the New York State Department of Financial Services.
We are excited to announce that, together with our partners at ED&F Man Capital Markets Inc., itBit has completed the first “Exchange for Physical” (EFP) Bitcoin transaction on behalf of two institutional investor clients.
Since December 2017, itBit has been processing Bitcoin Cash (BCH) withdrawals on a monthly basis for customers who have selected a one time withdrawal of their full BCH balance.
Since September, itBit has been processing Bitcoin Cash (BCH) withdrawals on a weekly basis from customers who have selected a one time withdrawal of their full BCH balance. We have updated our schedule of withdrawal processing times to occur once per month beginning December 11th 2017.
We have updated our platform to offer Bitcoin Cash (BCH) withdrawals. When you next log into your itBit account, you will be able to see your BCH balance. This balance is equal to the Bitcoin you held in your itBit account at the time of the BCH fork on August 1, 2017.