According to a joint press release with Bitcoin MagazineBitcoin Reserve, an Estonia-based bitcoin brokerage, has officially launched all of its services to clients across Europe.
With this launch, it looks like Bitcoin Reserve will become the first Bitcoin-only exchange available to all European residents, according to a list of Bitcoin.org. Instead of offering users an abundance of other cryptocurrencies, Bitcoin Reserve will now allow all new European users to focus strictly on bitcoin accumulation.
Mediation provides two basic services to users. The first, known as Flash, enables users to instantly buy and sell bitcoin with a limit of around $60,000 (€50,000). This service can be a way for users to buy small amounts of Bitcoin at regular intervals, cost effectively in Euros their average investment and hedge against some of the BTC fluctuations.
Besides this, the concierge service at Bitcoin Reserve provides the option to buy and sell bitcoin for amounts over the maximum $60,000 (€50,000).
“Bitcoin is the world’s future reserve currency, but the onrams in the ecosystem are definitely stressful,” Bitcoin Reserve founder Nick Oraevsky said in the release. “As more people move away from an increasingly bankrupt economic system, Bitcoin Reserve will be there to help anyone take charge of their own financial future.”
The launch of Bitcoin Reserve across Europe is an important development in the space as it gives retail investors there the option to join a Bitcoin exchange only with relatively high purchase limits. At the same time, Bitcoin Reserve allows institutions in Europe to work with a Bitcoin-focused company to acquire BTC.