One of the world’s top 50 cryptocurrency exchanges in terms of daily trading volume, Bitstamp is leaving no stones unturned in its quest to expand its operations in America ever since it managed to acquire a BitLicense from New York Department of Financial Services last month. For this very motive, they have hired Hunter Merghart, ex-head of trading at leading crypto exchange Coinbase, to lead their operations in the United States, as per a report by Finance Magnates.
Sharing his excitement on the development, Bitstamp CEO Nejc Kodrič stated:
“He’s the perfect person to lead our U.S. operations, which includes making sure our retail and institutional investors have a platform and service that is equal to what they would find at any traditional exchange anywhere in the world.”
Hunter Merghart’s Expertise and Plans for Bitstamp
Merghart’s resume includes many more impressive achievements than just being the head of trading at Coinbase. He had years of experience in the traditional financial sphere before he decided to make use of his genius in the cryptosphere. Now, as the head of Bitstamp’s American operations, Merghart plans to dedicate his time in securing institutional investors while building the company’s existing user base stronger by the day.
Merghart will head the company’s yet to be opened office in New York City, the establishment of which he will personally oversee. Bitstamp’s efforts to expand in America are underway ever since the BitLicense gave them an opportunity to build a crypto-trading platform in the U.S. that would allow investors in the country to invest in Bitcoin and other digital currencies.
Commenting on the news of his appointment, Merghart stated:
“Bitstamp has repeatedly proven that it believes in the future of the industry and is committed to developing best practices that benefit its customers and the cryptocurrency space.”
He further expressed gratitude and eagerness to work with the exchange and help it establish a firm hold on the cryptocurrency market in America.
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