The oldest European cryptocurrency exchange Bitstamp announced its impending expansion to the US market.
Today we announced our expansion in the US market with an increased financial commitment to the US business, dedication to acquiring top talent and continued development of our best-in-class market infrastructure. Learn more: https://t.co/5h9QnpoLIf
– Bitstamp (@Bitstamp) May 3, 2021
The trading platform reported a 570% growth in the number of US users in the first four months of 2021. According to the report, in the first quarter the value of assets under management increased by 281%, while the activity of American clients increased by 348%.
Bitstamp added that it is looking to work with leading US financial companies such as Nasdaq and Silvergate Bank to create a “better market infrastructure” with custodial services and regulated derivatives.
Recall that in December 2020, Bitstamp closed the possibility of trading XRP token for American users amid SEC claims against Ripple.
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