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European Crypto Exchange Bitstamp Registers to Operate in Italy

The Luxembourg-based exchange’s registration with Italian financial regulators comes one week after Crypto.com and BitGo did the same.

By Cam Thompson
AccessTimeIconJul 25, 2022 at 7:39 p.m. UTC
Updated May 11, 2023 at 3:42 p.m. UTC
The Bitstamp booth at a crypto conference (Danny Nelson/CoinDesk)

The Bitstamp booth at a crypto conference (Danny Nelson/CoinDesk)

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Cryptocurrency exchange Bitstamp has obtained approval to operate in Italy, the Luxembourg-based company’s CEO confirmed to CoinDesk.

“This registration in Italy is part of our global plans to offer services across Europe and around the world,” said JB Graftieaux in an email.

The platform registered with the financial regulator Organismo Agenti e Mediatori (OAM) on July 22, according to OAM’s website.

Bitstamp isn’t the only company expanding its operations into Italy. Binance, BitGo, Coinbase and Crypto.com have all recently secured clearance from OAM.

“Italy is among the most important markets in Europe, and we are thrilled to provide its citizens with a safe and secure way to trade cryptocurrencies,” said Graftieaux.

Bitstamp has operated in Europe since 2011, with registration in Luxembourg and the Netherlands. In May, the exchange appointed Graftieaux, the company’s former chief compliance officer and Europe CEO, as global CEO.

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CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Cam Thompson
Cam Thompson

Cam Thompson was a news reporter at CoinDesk.

Follow @camgthompson on Twitter

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