Bitstamp, one of the oldest and largest cryptocurrency exchanges in the world, replaces its CEO for the first time.
Nejc Kodrič, the CEO of the company that co-founded Bitstamp in 2011, will step down. You will take on a new advisory role on the company’s board of directorsBitstamp executives announced to Cointelegraph on October 22nd.
Julian Sawyerwho is currently Managing Director for the UK and Europe at the world’s leading crypto exchange Gemini, will replace Kodrič and become the second CEO in Bitstamp history.
The replacement is reportedly in response to the dynamic growth of the stock market over the past nine years.
According to Kodrič, Bitstamp has grown well beyond its original vision since it was founded years ago. At this moment Bitcoin only traded for penniesand Kodrič managed to set up the exchange in a garage with 1,000 euros, two laptops and a server. Now Bitcoin (BTC) is trading at $ 12,783 while Bitstamp is one of the top exchanges in the world. Kodrič said:
“After much deliberation, I have come to the conclusion that Bitstamp has already outgrown what I imagined and it is time for someone else to expand on that vision. […] Although we’ve grown exponentially, Bitstamp seems to be just getting started. “
Sawyer has over 20 years of banking and fintech experience. In May 2015, Sawyer co-founded Starling Bank, where he was COO until 2019. The management also acted as advisor and advisor to other banks and founded the financial management consultancy Bluerock Consulting.
At the time of publication Bitstamp is the eighth largest crypto exchange by daily trading volumeAccording to CoinGecko, that’s around $ 373 million. The exchange offers trading services for seven major cryptocurrencies, including Bitcoin, Ether (ETH) and XRP.