Bitstamp, the world’s longest running cryptocurrency exchange, is celebrating a decade being in the heart of the cryptocurrency market.
Bitstamp was founded in Slovenia in 2011 by Nejc Kodrič and Damijan Merlak. Today, the exchange has a team of more than 350 people and by the end of 2021, expects to have a team of over 550. Bitstamp serves more than 4.4 million customers across 195 countries.
Throughout the years, Bitstamp has increased its footprint in the retail market as well as in the institutional sector. In 2021, Bitstamp has also seen a significant influx of new female retail investors – up 24%.
Bitstamp saw a 197% growth in the number of customers using its platform in 2021 while in the first quarter of the year, the exchange’s trading volume increased by 512% compared to the same period in 2020.
Comparing Bitstamp’s level of customer growth today to its first year of operation, the exchange adds every day four times as many new customers as it had in its entire first year of operations.
Over the last decade, Bitstamp has led the industry with its compliance efforts. In 2013, the exchange became the first to ever conduct a financial audit of a crypto firm, making the first step on the road to building trust amongst all the investors. Bitstamp was also the first cryptocurrency exchange in the world to obtain a payment institution license in Luxembourg in 2016, warranting the exchange’s regulation across Europe.
Other milestones in the company’s growth:
• 2011: Starting with six clients in its first week online.
• 2012: Reaching one million transactions in total.
• 2017: Daily volumes surpass $1 billion from only BTC/USD.
• 2019: Obtaining BitLicense in the United States.
• 2020: Exceeding $72 billion in trading volume.
• 2021: Users can trade more than 100 different pairs on the exchange. Bitstamp has grown from active clients in three European countries to serving clients in over 195 countries worldwide. Bitstamp is a trusted partner when trading as low as a few dollars or going big, over 130 million dollars.
Julian Sawyer, Global CEO of Bitstamp: “Cryptocurrencies will play a huge role in the next ten years of financial services, and with our presence firmly rooted in the financial capitals of the world — London, Luxembourg, Singapore and New York — Bitstamp will play a leading role. Bitstamp will remain the longest running crypto exchange because we earned the trust of our customers.
“The growth and change we have seen in the market in our first decade have been significant, and we are proud to have positioned ourselves as the most mature and secure digital asset exchange for all serious investors. This is the core of our offering, and in the years to come, as cryptocurrencies become increasingly mainstream, we will continue to grow our diverse set of products, services and assets to solve the most pressing financial problems of our lifetime. At Bitstamp, we are always driven by the needs and wants of our customers, a focus that we will be taking forward over the next decade.”
To celebrate its position as the longest-running and most experienced crypto exchange in the world and its explosive growth in the past year — including the continued expansion of its services in Europe, the United States and Asia Pacific Region- Bitstamp is going to share its success with its customers and new users until the end of this year, beginning in September.
About Bitstamp
Bitstamp is the world’s original and longest-running cryptocurrency exchange, supporting investors, traders and leading financial institutions since 2011. With a proven track record, cutting-edge market infrastructure and dedication to personal service with a human touch, Bitstamp’s secure and reliable trading venue is trusted by over four million customers worldwide. Whether it’s through its intuitive web platform and mobile app or industry-leading APIs, Bitstamp is where crypto enters finance. For more information, visit www.bitstamp.net.
HedgeThink.com is the fund industry’s leading news, research and analysis source for individual and institutional accredited investors and professionals
