Renowned cryptocurrency exchange Bitstamp has hired Robert Zagotta, CCO of Kraken, to be the first CEO of its business within the U.S.
Within an official announcement today, Bitstamp outlined Zagotta would be approaching the board to “oversee day-to-day operations” and accelerate the exchange’s growth within the country. He was with crypto exchange Kraken for over 3-years and also worked as a senior director with the CME [Chicago Mercantile Exchange] Group.
“The U.S. features a unique regulatory landscape and an enormous potential upside within the digital asset industry,” added Bitstamp Global CEO Julian Sawyer. “By appointing a regional CEO for Bitstamp, it demonstrates the importance that the U.S. is playing for our global exchange.”
Zagotta outlined that he would be focused on “the intricacies and opportunities within the U.S. market,” while Sawyer would handle Bitstamp’s global vision. He added that his goal would be to attract interest from United States businesses and investors, but the exchange was “already a serious competitor” for the native exchanges.
Bitstamp has hired several professionals to fill executive roles in recent months. Sawyer, a former Gemini executive, was replaced by the exchange’s long-running CEO and co-founder Nejc Kodrič earlier in the month of October. The firm also added that it might be taking on a new chief treasurer and chief operating officer in April.
“We will hire top talent within the U.S. and around the globe,” added Zagotta. “We doubled our U.S. team within 2021 and expect to triple the team by 2022.”
In line with Bitstamp, the cryptocurrency exchange has seen a 570% hike in new customers within the U.S. for the primary half within this year in 2021, with a 281% increase in assets under management. Data from CoinMarketCap outlines the exchange ranking at 11th position, with a daily trading volume of over $270 Mln.