Seeking Alpha
2022-04-08 14:02:42

Crypto exchange Bitstamp to unveil white-label version of its trading services: CoinDesk

As part of its expansion efforts in the U.S., Luxembourg-based cryptocurrency exchange Bitstamp is poised to offer a white-label version of its trading services to U.S. banks and fintech firms, the company told CoinDesk Friday. “Banks and fintechs are in catch-up mode; their customers are demanding ways to trade crypto,” Bitstamp U.S. CEO Bobby Zagotta told CoinDesk in an interview at the Bitcoin 2022 conference in Miami. Furthermore, the service was built on Bitstamp’s existing technology stack, which allows businesses to access the exchange's Nasdaq matching engine, CoinDesk noted, adding that the service also provides market specific anti-money laundering and know-your-customer features. “It’s a matter of weeks, rather than months, to set this up for customers,” Zagotta emphasized. In mid-March Bitstamp USA took on Wall Street to expand its talent pool.

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