Bitstamp announces expansion into the US market

The oldest European cryptocurrency exchange, Bitstamp, announced an impending expansion into the US market.

Today we announced our expansion in the U.S. market with an increased financial commitment to the U.S. business, dedication to acquiring top talent and continued development of our best-in-class market infrastructure. Learn more: https://t.co/5h9QnpoLIf

— Bitstamp (@Bitstamp) May 3, 2021

The platform reported a 570% rise in US users in the first four months of 2021. According to the report, assets under management rose 281% in the first quarter, and American client activity grew 348%.

Bitstamp added that it aims to work with leading US financial firms, such as Nasdaq and Silvergate Bank, to build ‘the best market infrastructure’, with custodial services and regulated derivatives.

In December 2020, Bitstamp closed for American users the ability to trade the XRP token amid the SEC’s charges against Ripple.