Cryptocurrency exchange Bitstamp has announced its expansion into the Asia-Pacific (APAC) region. To drive its expansion efforts, Bitstamp has hired Andrew Leelarthaepin, who has held roles at JPMorgan Cash and Saxo Bank.
“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,” said Miha Grčar, global head of business development at Bitstamp. “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.”
In 2019, Bitstamp averaged ~$113 million in daily trading volume. The exchange currently supports five cryptocurrencies for trading (BTC, ETH, LTC, XRP, BCH).