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Kraken CCO will join crypto exchange Bitstamp to run US operations

July 21, 2021. Summarized by summa-bot.

Compression ratio: 43.4%. 1 min read.

Bitstamp said Robert Zagotta, chief commercial officer of Kraken, would be coming on board to lead its arm in the United States.

Cryptocurrency exchange Bitstamp has hired Robert Zagotta, chief commercial officer of Kraken, to be the first CEO of its business in the United States.

“The U. S. has a unique regulatory landscape and a huge potential upside in the digital asset industry,” said Bitstamp Global CEO Julian Sawyer.

“By appointing a regional CEO for Bitstamp, it demonstrates the importance that the United States is playing for our global exchange. ”

Zagotta told Cointelegraph he would be focused on “the intricacies and opportunities in the U. S. market,” while Sawyer would handle Bitstamp’s global vision.

Related: Bitstamp crypto exchange hires former Barclays exec as new COO

According to Bitstamp, the crypto exchange has seen a 570% increase in new customers in the United States for the first half of 2021, with a 281% increase in assets under management.

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