The bitcoin exchange platform itBit’s CEO Charles Cascarilla is considering whether to add support for Ether to its exchange, following similar moves from competitors such as Coinbase and Gemini which announced the support of Ether recently, Coindesk.com reported.

itBit, a fintech company that develops blockchain technology for asset trading, does not currently deal with Ether through its digital currency exchange platform or via over-the-counter tradings, Cascarilla said in an interview last week.

"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 said to Coindesk.com.

Last month, New York-based virtual currency exchange Gemini Trust Company LLC became the world’s first licensed Ether exchange offered ETH/BTC and ETH/USD trading pairs on two new order books. Apart from Gemini, San Francisco based leading bitcoin exchange and wallet service Coinbase, announced adding support of Ether to its platform which came into practice from 24th May.

He also mentioned the possible risk following the hack of Ethereum-based fund, The DAO. However, he noted that the failure of the fund does not ‘diminish’ the worth of Ethereum and its cryptocurrency.

The increase in Ether price has made several digital currency exchanges to incorporate the support of Ether on their platforms. Few exchange platforms include Poland-based Bitcoin and Litecoin trading platform BitPay, San Francisco-based exchange Kraken, Japanese bitcoin exchange Coincheck, Hong Kong-based bitcoin exchange Bitfinex, Mexican Bitcoin exchange Bitso, Chinese Bitcoin exchange CHBTC, among others.

Ether, Ethereum unit of account, reached a high with current market cap ranging more than one billion second only to bitcoin at the time of writing, according to statistics available on Coinmarketcap.com.

itBit is a financial services company offering a suite of products leveraging traditional capital markets infrastructure and blockchain technology. The company products include digital currency trading services, digital asset trust and custody services and Bankchain, its flagship clearing and settlement system for institutions.