Bitstamp Plans To Expand Its Operations In The United States - TCR

www.thecoinrepublic.com 04 May 2021 15:43, UTC
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  • Bitstamp has observed tremendous growth of users interacting on its platform from the United States
  • Seeing the growth, the exchange planned to boost its US team with new talents
  • Bitstamp will now focus on to create the best user experience and invest more in the US market

Bitstamp, the world’s longest-standing crypto assets exchange, has seen tremendous growth. According to a recent announcement, the number of users of the exchange has surged by more than 570% in the United States. Following the achievement and growth, the firm planned to appoint more profiles and triple its US team. Moreover, the appointment will also help the exchange boost its operations in the region. Hence, the firm wants to keep up with the surge in users and assets under management.

Bitstamp plans to appoint new talents to its US team

Bitstamp plans to expand in the United States after observing the surge in the count of users. According to the exchange, it will be expanding in the US market with an increased financial commitment to the US business. Simultaneously, this year the US team of the exchange has been doubled. And to achieve the goal, the firm has plans to acquire top talent and continue the development of its best-in-class market infrastructure.

Why is the crypto exchange prioritizing the US market?

Bitstamp is based in the United Kingdom; still, the exchange has seen impressive growth in the United States. The exchange revealed the new users in the US have skyrocketed by 570% since the beginning of this year. Furthermore, in Q1 2021, the firm has also observed that the US user’s assets under management have also surged by 281%.

In terms of client activity and platform usage, the exchange has experienced a growth of more than 300%. However, the statistics correlate with Bitstamp’s customer-centric strategy creating momentum in the US market. And it is also prioritizing US investors in a market primed for disruption and growth.

Leader in the fastest growing financial sector

Bitstamp believes that cryptos are a vital part of the global economic recovery. The exchange highlighted that cryptocurrencies are offering a logistical solution for the future of money and are the easiest way to exchange value. Indeed, the statement of the exchange suggests that it believes cryptos are ultimately interconnecting the world.

According to Julian Sawyer, the CEO of Bitstamp, the exchange has the momentum to change the user’s experience with cryptocurrency. Additionally, the exchange has already attracted millions of individuals and institutions. And now, it is time for the exchange to focus and invest more in the US market.


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