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Bitstamp to ‘Triple’ US Team as Number of New Customers Surges
The exchange will bolster its customer support and American headcount as U.S. crypto under management eclipses $1.1 billion.
Crypto exchange Bitstamp said Monday it will boost U.S. operations to keep up with a surge in customers and assets under management.
STORY CONTINUES BELOW
- London-based Bitstamp will “triple” its 11-person U.S. team and increase customer support by 50% in 2021.
- It will lean into its bitcoin-backed loans partnership with Silvergate Bank, and said in a blog post it “believes” it can dole out $250 million in the institution-focused loans this year.
- The expansion comes as exchanges around the world race to keep up with a stream of new clients.
- Bitstamp reported $1.1 billion in U.S. crypto under management (11% of Bitstamp’s total) and 1.63 million U.S. customers (36% of its global base).
Read more: Bitstamp to Halt XRP Trading, Deposits in US Due to SEC Lawsuit
Danny Nelson
Danny is CoinDesk's managing editor for Data & Tokens. He formerly ran investigations for the Tufts Daily. At CoinDesk, his beats include (but are not limited to): federal policy, regulation, securities law, exchanges, the Solana ecosystem, smart money doing dumb things, dumb money doing smart things and tungsten cubes. He owns BTC, ETH and SOL tokens, as well as the LinksDAO NFT.
