According to Techub News, The Block reported that cryptocurrency exchange Bitstamp will strategically expand its Australian institutional business in 2024. Bitstamp Global Chief Business Officer Bobby Zagotta said at the Token2049 Summit in Singapore that the Asia-Pacific region has become the company's key development area. Currently, Asian business accounts for 20% of the group's global revenue, and the European market contributes 65%.
Zagotta stressed that Bitstamp, with its global operating experience, is expected to provide differentiated services to Australian institutional clients. Meanwhile, Robinhood’s $200 million acquisition of Bitstamp is undergoing regulatory approval in multiple jurisdictions and is expected to be completed in the first half of 2025.