Bitstamp, Europe’s leading crypto exchange, gained prominence in the industry for providing simple and advanced trading options. The Luxembourg-based company made headlines again recently after it announced that Hunter Merghart, an ex-Coinbase executive, was going to lead its U.S. operations.
The public announcement was made shortly after Bitstamp acquired a BitLicense, allowing the exchange to offer Bitcoin [BTC], Litecoin [LTC], Bitcoin cash [BCH], Ether [ETH] and XRP trading pairs to U.S. residents. Nejc Kodrič, CEO of Bitstamp, remarked,
“Merghart is the perfect person to lead our U.S. operations, which includes making sure our retail and institutional investors have a platform and service that is equal to what they would find at any traditional exchange anywhere in the world.”
While Merghart was quick to update his bio on his Twitter handle, the report also highlighted his belief “in (Bitstamp’s) strategy” and his excitement “to help execute it.”
He further added,
“This is an amazing opportunity for me to take what I’ve learned in both traditional finance and crypto to a larger role where I can help grow the U.S. business of the largest European crypto exchange.”
In addition to Bitstamp’s strategy related to geographical expansion, the company also recently invested in a new matching engine and a surveillance platform from Cinnober, an IT provider for mainstream financial markets.
Although Merghart left Coinbase over the lack of resources and a lack of clarity about the company’s roadmap, experts speculate that Bitstamp’s entry into the U.S. market is poised to change the dynamics of the entire crypto ecosystem.
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