27 Jun '16, 9pm

ItBit Explores Adding Ether to Bitcoin Exchange

ItBit 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. 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 pos...

Full article: http://www.coindesk.com/itbit-ether-bitcoin-exchange/

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