PANews reported on September 18 that according to The Block, Bobby Zagotta, global chief commercial officer of cryptocurrency exchange Bitstamp, said during the Token2049 conference that Bitstamp is seeking to expand its institutional business in Australia and the company sees the potential to serve Asian institutional clients. Zagotta explained that from a revenue perspective, Asia currently accounts for 20% of its global business, while Europe accounts for about 65%.
In June, Robinhood announced plans to acquire Bitstamp for $200 million, with the deal expected to close in the first half of 2025.
