ItBit, a crypto token trading exchange, has got approval from the Recent York State Department of Financial Products (NYDFS) to offer trading and custody offerings for Ethereum (ETH), Litecoin (LTC), Stellar Lumens (XLM) and Bitcoin Cash (BCH). ItBit will start with offering custody, escrow and over-the-counter trading offerings for these latest assets, with system marketplace trading to follow. The four cryptocurrencies join Bitcoin which ItBit has been offering since inception. The organization now offers five of the ten largest crypto assets, representing two-thirds of the total crypto asset marketplace. “We plan to continue to add more assets in the near term,” ItBit’s CEO Chad Cascarilla told MiningPool. ItBit will be adding additional products and functionality in the near term. “We have a comprehensive product roadmap with some of the near term priorities around collateral products, upgraded trading engine and order types to additional crypto assets,” Cascarilla integrated. In a statement, Cascarilla stated that the approval from the NYDFS was “an important milestone for ItBit as we create a broader system for crypto asset investors.” “We are committed to the growth and evolution of this ecosystem and NYDFS approval allows us to offer more trading and custody products across a wider range of crypto assets,” he explained. “Regulatory oversight and security have always been at the forefront of building our system. We are thrilled to be able to offer these fresh offerings to our customers.” Andrew Chang, COO of ItBit, remarked the approval will allow the organization to bring these popular crypto crypto tokens to the broader audience. “By gaining this regulatory approval, we are now able to accessible the doors for individuals and institutions to access crypto assets beyond just Bitcoin,” Chang noted. “This is a critical moment that will enable greater participation in these assets in a regulated and safe manner.” Founded in 2012, ItBit was the initial trust enterprise to receive approval from the NYDFS to offer trading and custody offerings for crypto assets. It claims to be the second largest US-based Bitcoin trading system by volume. ItBit has offices in Latest York and Singapore and is backed by RRE Ventures, Canaan Partners, Liberty City Ventures and angel investors including Jay W. Jordan II and James Pallotta.