Bitcoin

Kraken selects a former Bitstamp executive who will play a key role in the company’s business development

octopus, a San Francisco-based cryptocurrency exchange, added a recognized leader in the cryptocurrency industry to its executive teamThis underlines the further expansion of the company this year.

In an official blog post Kraken announced Tuesday that Miha Grčar has joined the company as head of business development.

The post says:

“For most of the past decade, Miha has helped Bitstamp gain recognition as a Licensed Financial Institution in Europe. This experience will prove to be comprehensive as it helps Kraken build critical banking relationships and create new partnerships with stakeholders. Essential”.

Kraken selects a former Bitstamp executive who will play a key role in the company’s business development
Kraken selects a former Bitstamp executive who will play a key role in the company’s business development

Before you came to Kraken, Grčar spent almost eight years at Bitstamp, Where he held various management positions, including Chief Operating Officer and Director of Business Development.

Kraken is the fifth largest cryptocurrency exchange in the world by volume, Based on Messari spot volume data. Bitstamp is not far behind and is in sixth place. After that, there was a clear decline. although Uniswap seems to be rising as a real decentralized exchange.

Kraken describes Grčar as a “pioneer of crypto exchanges” to support Bitstamp’s meteoric rise over the years. Grčar’s first encounter with Bitcoin (BTC) came in late 2010, about two years after Satoshi Nakamoto’s white paper was published. Then, would come to Bitsatmp about two and a half years later.

Grčar describes Kraken as “OG of the oldest stock exchanges” and the “Only exchange that had the courage, the brain and the backbone to defend its customers” after the Mt. Gox incident in 2014.

The exchange of cryptocurrencies is facing significant growth in the coming years as digital assets continue to disrupt the fiat currency system. Using the volume data from Messari’s “Real 10” exchanges, Forbes estimates that US trading activity alone saw an average annual growth rate of 15.7% per year between 2015 and 2019.

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