According to ChainCatcher, cryptocurrency exchange Bitstamp is looking to expand its institutional business in Australia as the company continues to expand its influence in the Asia-Pacific region.
“We see Asia as a great opportunity, Hong Kong and Singapore are our key markets, and we have a growing presence in Australia as well,” Bitstamp global chief commercial officer Bobby Zagotta said at the Token2049 conference in Singapore. “For 2024, we have identified Australia as a specific region that we want to focus on.”
Zagotta explained that Asia currently accounts for 20% of its global business from a revenue perspective, while Europe accounts for about 65%.
It is reported that Robinhood announced plans in June to acquire Bitstamp for a potential price of US$200 million, which is expected to be completed in the first half of 2025.
