Bitstamp US Eyes Asia-Pacific Expansion, Including Australia
CryptoNewsTerminal Staff18 Sep, 2024
Bitstamp US Eyes Asia-Pacific Expansion, Including Australia
At The Block's Digital Asset Summit, Bobby Zagotta, CEO of Bitstamp US, revealed plans to expand into the Asia-Pacific region, including Australia. "Asia currently accounts for 20% of Bitstamp's revenue, while Europe represents 65%," Zagotta explained. "We see Asia as a huge opportunity." Zagotta cited Hong Kong and Singapore as promising markets, with Australia also on their radar. He expressed confidence in the pending Robinhood deal to acquire Bitstamp for $200 million, stating, "We have numerous regulatory approvals pending... and everything is proceeding smoothly." Bitstamp's expansion into Asia-Pacific aligns with the growing popularity of cryptocurrencies in the region. This move also positions the exchange as a major player in the Asia-Pacific crypto market.
