Bitstamp Targets US Market by Hiring Ex-Coinbase Executive and Wall Street Vet Hunter Merghart

The European cryptocurrency exchange Bitstamp is trying to expand to the U.S. market hiring a former Coinbase executive as the head of operations. According to a recent report released by Finance Magnates, Bitstamp appointed Hunter Merghart after acquiring the virtual currency license from the New York regulator.

Bitstamp Hires Hunter Merghart For Its US Expansion

Bitstamp is one of the most popular cryptocurrency exchanges around the world by trading volume, according to CoinMarketCap. The platform operates mainly in Europe but the intention is to enter the U.S. market. Merghart will be focusing on the new and old clients that the company has.

Merghart has been working as the head of trading at Coinbase, one of the largest and most popular crypto exchanges in the United States and the world and Bitstamp competitor. He has also several years of experience in different traditional financial institutions such as Barclays and RBC Capital Markets.

Bitstamp has recently acquired the so-called BitLicense in New York. The NY Department of Financial Services granted Bitstamp a license that allows it to deal with clients in New York state. This is one of the most difficult licenses to receive from a regulatory agency and just a few companies have it. Indeed, there are just 19 firms with this license.

Bitstamp will be allowing users to trade Bitcoin (BTC) and other digital assets against each other and against other fiat currencies such as the U.S. dollar.

During a conversation with CoinDesk, Merghart commented:

“This is an amazing opportunity for me to take what I’ve learned in both traditional finance and crypto to a larger role where I can help grow the U.S. business of the largest European crypto exchange.”

In addition to it, Bitstamp has also improved and redesigned its website in order to provide a more friendly platform for users. At the time of writing this article, Bitstamp is the 49th largest crypto exchange in terms of the trading volume. In the last 24 hours, it handled over $84 million.

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Carl T
Carl T
Carl is a legend in cryptocurrency space for his long-storied experience, history and insights. He is a digital nomad who fell in love with bitcoin and its offspring for many years now and prides himself on delivering quality perspectives in the emerging world of crypto-assets and blockchain technology.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


Please enter your comment!
Please enter your name here


Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

Bahamas Central Bank Confirms CBDC ‘Sand Dollar’ to Launch In Less Than 30 Days

The Bahamas Central Bank has confirmed that its pipeline CBDC ‘Sand dollar’ will roll out next month as anticipated. This will mark the first...

KuCoin Hack Update: 11 Crypto Projects Freeze the Stolen Tokens

Over the weekend, KuCoin lost about $275 million in BTC, XRP, BSV, XLM, TRX, stablecoins, ETH, and other ERC-20 tokens in a security breach....

Bitcoin Re-Entering the ‘Intense Historical Trading' Area Following a Strong Uptrend

Bitcoin is back at near $11,000. The leading digital currency has been making its way upwards since the mid of last week. Today, to mark...

Alameda Research and Three Arrows Capital Outdoing Each Other to Mint Record WBTC

On Friday, FTX CEO Sam Bankman-Fried’s Almeda Research minted the biggest wrapped Bitcoin (WBTC) ever, as per WBTC Network. 2317 BTC was minted on Sept....

“Nothing Compares to My Bitcoin Bet,” Says Social Capital CEO Chamath Palihapitiya

Bitcoin was the best performing asset of the last decade, and in 2020, it remains a winner again. Compared to the S&P 500 hitting a...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today