Bitstamp Announces Entrance to Asia and Hires Andrew Leelarthaepin of JPMorgan and Saxo Bank

The cryptocurrency exchange Bitstamp announced that it’s expanding to the Asia-Pacific region. More than this, it has brought Andrew Leelarthaepin on board as the VP of Business Development for the expanding region. Andrew had previously worked for Saxo Bank and JPMorgan.

Happy to announce that Andrew Leelarthaepin is joining Bitstamp as VP of Business Development in the Asia-Pacific region. Andrew will lead our expansion in this key market from Singapore, opening a new chapter for Bitstamp in Asia: https://t.co/TMkj89EWyy pic.twitter.com/OzlVGQr5ok

— Bitstamp (@Bitstamp) November 13, 2019

This is what Miha Grčar, Bitstamp’s global head of business development had to say:

“We already have an excellent reputation and market position in the West but have so far lacked the local presence that would enable us to expand into Asia-Pacific the same way we have in Europe and the US. Andrew’s knowledge of the global financial markets and experience in the region makes him a great fit to oversee Bitstamp’s expansion in this very important market.”

The 8th ranked crypto exchange by volume (according to Nomics) with an A rating for transparency has been relatively quiet on the news front. But that isn't always a bad thing. Keeping their head down and providing quality service to their userbase. There is no doubt, they will see an uptick in volume (currently at $47.6 million) with the expansion into the hot bed region.