Bitstamp expands institutional services in Australia ahead of Robinhood’s $200M acquisition.
Asia contributes 20% of Bitstamp’s revenue, with Australia offering significant growth potential.
Robinhood plans to integrate Bitstamp’s infrastructure to boost crypto offerings for investors.
Bitstamp is gearing up to expand its institutional operations in Australia, strengthening its presence in Asia. This move comes as Robinhood is set to acquire Bitstamp in a $200 million deal, expected to be finalized in early 2025.
In an interview at the Token2049 conference in Singapore, Bobby Zagotta, Bitstamp’s global chief commercial officer, highlighted the company’s aim to broaden its services for institutional clients in Australia.
Zagotta stressed Asia’s potential, pointing to Hong Kong and Singapore as key markets. He noted Bitstamp’s growing footprint in Australia and its unique offerings for institutional clients in a market with limited choices.
Zagotta shared insights into Bitstamp’s revenue distribution, revealing that Asia contributes roughly 20% to its global revenue, while Europe accounts for about 65%. With less competition in Australia, especially…
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