Gemini top manager heads Europe's oldest crypto exchange

Gemini top manager heads Europe’s oldest crypto exchange

  • Bitstamp has hired Gemini top manager as new head of the site

  • The castling takes place against the backdrop of the announcement of PayPal support for cryptocurrency trading, where the liquidity provider could be Bitstamp

  • Previously, the exchange moved from the UK due to pressure from regulators

Gemini top manager heads Europe's oldest crypto exchange

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Cryptocurrency exchange Bitstamp has hired former top manager of another crypto exchange, Gemini, as CEO

Luxembourg-based cryptocurrency exchange Bitstamp announced the appointment of a new CEO – Julian Sawyer. The company announced this on its official website. Sawyer will replace Neich Kodric, who has served as head of Bitstamp since 2011.

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Gemini top manager heads Europe's oldest crypto exchange

Kodric will remain at Bitstamp as a member of the board of directors, according to the announcement. Prior to joining Bitstamp, Sawyer served as Head of Gemini Europe.

“Sawyer not only became CEO of Bitstamp, but is also an advisor to the board of directors of the leading Australian retail bank Volt and an honorary senior fellow at the Faculty of Management of the CASS business school”, – the announcement notes.

Bitstamp changed directors two months after moving from London, where the exchange operated for eight years, to Luxembourg. It remains unknown whether the changes in management are related to the move..

Crete wanderer

Earlier, the editorial staff of BeInCrypto reported that Bitstamp announced a new method of safeguarding client assets using a special insurance policy. Bitstamp also featured on the list of liquidity providers for payment giant PayPal, which previously officially approved cryptocurrency trading on its site..

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Gemini top manager heads Europe's oldest crypto exchange

Bitstamp is known as one of the oldest exchanges in the cryptocurrency market. Initially, the crypto exchange, founded in 2011, operated in Slovenia, but later moved to the UK. In 2020, due to regulatory pressure, the exchange decided to move to Luxembourg.

At the time of writing, Bitstamp’s trading volume is $ 221 million.

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