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Breaking news: Ethereum Developer Virgil Griffith Pleads Guilty to Conspiracy Charge in North Korea Sanctions Case

Bitstamp to ‘Triple’ US Team as Number of New Customers Surges

The exchange will bolster its customer support and American headcount as U.S. crypto under management eclipses $1.1 billion.

May 3, 2021 at 6:06 p.m. UTC
Updated Sep 14, 2021 at 12:50 p.m. UTC

Crypto exchange Bitstamp said Monday it will boost U.S. operations to keep up with a surge in customers and assets under management.

  • London-based Bitstamp will “triple” its 11-person U.S. team and increase customer support by 50% in 2021.
  • It will lean into its bitcoin-backed loans partnership with Silvergate Bank, and said in a blog post it “believes” it can dole out $250 million in the institution-focused loans this year.
  • The expansion comes as exchanges around the world race to keep up with a stream of new clients. 
  • Bitstamp reported $1.1 billion in U.S. crypto under management (11% of Bitstamp’s total) and 1.63 million U.S. customers (36% of its global base).

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