From the recently reported activities of the Chief Executive Officer of the crypto exchange firm, it seems like he could leave his post anytime soon.
The time of Julian Sawyers at Luxembourg based crypto exchange firm Bitstamp as CEO seems to come to an end. On the Twitter page, Sawyer now mentioned the details as the Ex-CEO at Bitstamp and other details like co-founder at Stalingbank, advisor at Voltbank, and Honorary fellow at Bayes Business School, with a note there quoting all views of his own. Apart from his Twitter, his LinkedIn account also outlined him as ex-Chief Executive Officer at Bitstamp.
However, until that time, there were no official statements from Sawyer recorded. Its been only somewhere around 18 months for Sawyer to take over Bitstamp, which is counted as one of the longest running crypto exchanges in the world. Nejc Kodrič founded the crypto exchange firm in 2011, and currently, its individual customers and institutional partners count for more than four million.
Previously Sawyer had been working with Gemini, where he joined in December of 2019 and was leading its expansion in Europe. Europe Services of Gemini was able to achieve the registration by the Financial Conduct Authority of the United Kingdom in August 2020 as a regulated crypto asset business. Still, by this time, when it got registered at the regulator authority, Sawyer was gone by then.
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Before entering the crypto industry, Sawyer served as co-founder and chief operating officer of a British new bank, Starlink Bank, which has about 1.7 million customers. In 2012, Bitstamp was acquired by NXMH, a private equity firm. The crypto exchange controls a market of only 2% for spot trading between cryptocurrencies and fiat, while the market leader Coinbase has way more than this, which is approx 27%.
Head of the US division at Bitstamp, Robert Zagotta, and Sawyer, in an interview at the Bitcoin Conference 2022 in Miami held last month, said that the company was focusing on reaching the older, more cautious demographic and also eager to highlight its feature that is among one of the four exchanges that were having AA-rating by Cryptocompare. They also said that Bitstamp was holding its future based on solid service and reliability as the target of crypto exchange is to reach an underserved audience, including women and old age investors.