Bitstamp Aims To Expand In The US After 570% Growth In Signups

Bitstamp aims to expand in the US as one of the most popular EU-based crypto exchanges due to the surge of 570% in signups as we can see more in our latest crypto news today.

Popular crypto exchange Bitstamp announced that it will be expanding in the US after the recorded surge of new signups in the country for the first four months of the year. Highlighting the achievements in this period, Bitstamp explained in a press release that the new customer signups from the US surged by 570%. The third-biggest exchange Bitstamp aims to expand further as it also noted that the transaction volume increased by 348%.

We’re exploring 12 new assets for the possibility of listing at our exchange: $CRV, $AUDIO, $GRT, $LRC, $FLR, $HBAR, $USDT, $SUSHI, $MANA, $STORJ, $ENJ and $RUNE.
More info: https://t.co/50FcQk0FuK

— Bitstamp (@Bitstamp) May 4, 2021

Furthermore, the US customers’ asset under management increased to 281% in the first quarter of the year as well as a 325% growth was recorded in the company’s mobile app usage in the US zone. The customers in the states alone accounted for 11% of the firm’s total AUM of $11 million which is one of the major forces behind the company’s decision to boost the business in the country. Based on the achievements, the company said it will expand its US-based operations by simply investing more funds which will cater to the acquisition of more workforce to further enhance the US presence. As a part of the efforts to boost customer support, Bitstamp stated that it will increase the dedicated support staff by 50% this year to reduce the 22 seconds call waiting time.

We are decreasing our withdrawal fees for Ethereum-based cryptocurrencies!
Read more: https://t.co/UamlEgKByZ

— Bitstamp (@Bitstamp) May 4, 2021

Commenting on the development Julian Sawyer, Bitstamp’s CEO explained that the company is poised to become the leader in the US crypto industry which is a market that saw widespread adoption of the asset class from the retail and institutional investors. He further added that the growth of Bitstamp’s business in the country shows that the US clients prefer the exchange over the competition:

“The triple digit growth we’ve seen in the U.S. in 2021 has shown us that Americans want access to an exchange like ours.”

In the meantime, Bitstamp prepares to conquer the US market with the exchange coming head-to-head with major competitors like Gemini, Kraken, and Coinbase. Coinbase is already the leader on the market and got listed on the NASDAQ via a direct listing. Gemini and Kraken are planning on following the footsteps of Coinbase to go public on the stock market in the US.

Source: https://www.dcforecasts.com/blockchain-news/bitstamp-aims-to-expand-in-the-us-after-570-growth-in-signups/