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Subscriber Only Enters Crypto Trading With New London-Based Exchange

  • London-based supplier of digital wallets is accepting deposits
  • Crypto exchanges a market sore spot with hacks and thefts
From, which has created more than 40 million digital-asset wallets, is moving into the trading side of cryptocurrencies with a new exchange.

The Pit, a London-based marketplace, will offer Bitcoin, Ether, Bitcoin Cash, Tether, Litecoin and Paxos. Customers can deposit funds immediately, with trading beginning soon. The idea came from the the boom-and-bust cycle of 2017 and 2018, when exchange performance was spotty at best, Chief Executive Officer Peter Smith said in an interview.