Bitstamp Expands In The US Market | CryptoGazette - Cryptocurrency News
Bitstamp just announced its expansion in the US market according to the latest reports.
Just the other day, in an official blog post, Bitstamp which is the world’s longest-running cryptocurrency exchange, announced its expansion in the U.S. market with “an increased financial commitment to the U.S. business, dedication to acquiring top talent and continued development of its best-in-class market infrastructure.”
Cryptos are a key element for global economic recovery
The notes reveal that Bitstamp believes cryptos are a key part of the global economic recovery.
“Not only do digital assets provide a logistical solution for the future of money but are an easy way to exchange value as the world becomes more interconnected,” according to the blog post.
Also, make sure to check out some really impressive numbers that the exchange has placed in their notes.
570% Increase in New Customers: Bitstamp’s number of new customers in the U.S. skyrocketed by 570% in the first four months of 2021 versus the same period of 2020.
281% Increase in Assets Under Management (AUM): U.S. customers’ AUM surged by 281% in the first quarter of 2021.
348% Increase in Client Activity: Bitstamp’s U.S. client activity (i.e. trades, deposits, etc.) increased on a monthly level by 348% in 2021 versus the same period last year.
325% Increase in Mobile App Usage: Use of Bitstamp’s mobile app in the U.S. increased by 325% on a monthly basis.
The exchange has been supporting cryptos and what they mean to the whole world. According to the same official notes, Bitstamp’s CEO, Julian Sawyer, commented, “Crypto is the fastest growing segment of financial services and we intend to be a leader in the most competitive financial market in the world: the U.S.”
He continued and said that “The potential upside for new retail and institutional investors in the U.S. is astronomical and, as one of the top three global exchanges, we are seeing incredible customer adoption. The triple digit growth we’ve seen in the U.S. in 2021 has shown us that Americans want access to an exchange like ours.”
Check out the complete blog post to learn all the available details.
The truth is that crypto has been exploding in 2021 after 2020 was an extremely successful year for Bitcoin and digital assets in a time in which the world was suffering a major crisis.