Bitcoin Already Hit $38,000 on This Exchange as Flagship Cryptocurrency Resumes Rally
Bitcoin has already breached $38,000 on crypto exchange Bitgamoas the leading cryptocurrency pumps amid optimism around spot exchange-traded fund (ETF).
At the time of writing, BTC is trading at $37,682 on Bitgamo, compared to around $34,300 on other major exchanges including Binance and Coinbase.
Founded in 2020, Bitgamo has gained notable traction in the crypto market.
Just last month, the platform announced that it would establish 75 cryptocurrency ATMs across Europe by 2024.
According to Bitgamo, the exchange is able to offer higher rates through a strategy that involves the redistribution of cryptocurrencies to regions worldwide, particularly the Middle East and countries with less crypto-friendly policies.
"This is made possible through Bitgamo's extensive network of trusted third parties, enabling the exchange to offer superior exchange rates while facilitating access to crypto assets for individuals in these regions," the platform said in a recent announcement.
Bitgamo has also implemented a no-KYC (Know Your Customer) exchange policy
According to the platform, it is not legally obligated to request KYC documentation from customers when selling crypto since it is operating from Luxembourg, a jurisdiction that treats cryptocurrencies as commodities.
Furthermore, Bitgamo allows users to sell cryptocurrencies in countries with strict crypto regulations by categorizing them as commodities, providing greater flexibility and accessibility.
Notably, the platform has received positive customer reviews. For one, more than 90% of the exchange's reviews on business review website Trustpilot are positive.
The flagship cryptocurrency has hit a 17-month high on prospects of spot ETF.
In a recent interview, Coinbase Chief Legal
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