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Bitstamp announces US expansion after 570% increase in customers

May 3, 2021. Summarized by summa-bot.

Compression ratio: 49.2%. 1 min read.

Crypto exchange Bitstamp said it planned to triple the number of people in its U.S. team and launch a marketing campaign aimed at educating retail investors.

In an announcement from Bitstamp today, the crypto exchange said it would be launching a marketing campaign in the U. S. aimed at educating retail investors about crypto following significant growth in the first quarter of 2021.

As part of these efforts, Bitstamp said it planned to triple the number of people in its U. S. team and grow its customer support team by 50% in 2021.

Bitstamp CEO Julian Sawyer told Cointelegraph said the firm began to see increased levels of interest from retail investors and U. S. financial institutions in 2020 while claiming other crypto exchanges were “struggling with uptime and customer support. ” He said that the firm’s security, transparent fees, and infrastructure would give the exchange an edge against any local competition.

Bitstamp reported that the assets under management for U. S. users had risen by 281% in Q1 2021, while the number of customers had surged by 570% in the first four months of this year compared to the same period in 2020.

by summa-bot

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