The UK branch of the crypto exchange reported significant losses.
This confirms that 2022 was a challenging period for companies in the industry.
Bitstamp's CEO, CEO, Jean-Baptiste Graftieaux
Another
popular crypto exchange has joined the ranks of the digital asset companies that
were significantly impacted by the industry downturn in 2022. Bitstamp's
financial report was released this week summarizing the past year in reflection of the previous year. Its revenue dropped to almost a fifth of its previous figures seen in 2021; its turnover more than halved in value, ending with a net loss of
over €7 million.
Bitstamp: €37
Million Profit to a Loss of €7Million
Bitstamp
Limited, registered in the UK, published its full accounts and summarized the results
for 2022. It exhibited a substantial decline compared to the record-breaking
year of 2021, reflecting how the digital asset market's condition changed over
these two years.
In 2021,
when a single Bitcoin (BTC) was valued at nearly $70,000, Bitstamp's revenue
reached €109 million, with a profit of €37 million. However, in 2022, when
BTC's price dropped to as low as $15,000, its revenues shrank to
€29 million. Simultaneously, the net profit shifted to a loss of €7 million.
Other
significant financial indicators of the cryptocurrency exchange also depreciated. The total volume plummetted from €117 million to just under €55 million.
At the same time, the company incurred higher administrative costs than in
2021, amounting to €57 million.
Scan of Bitstamp's report seen by Finance Magnates. Source: Gov.uk
As the
company admits, such significant declines in performance were caused by
"unfavorable market conditions and the reduction in trading volumes."
The latter was due to transferring part of the business to three subsidiary
companies: Bitstamp USA, Bitstamp Global, and Bitstamp Europe. The report also
mentioned the negative impact of the war in Ukraine on conducting business in
Europe.
"The
company's total assets decreased to EUR 358,901,713 compared to EUR
1,344,442,798 in 2021. This is mainly driven by the lower trading volumes
during the year and a consequence of the transfer of business mentioned above,"
the company commented in the financial report.
As it turns
out, the negative effects of the crypto winter have not ceased in 2022. The latest
reports from publicly listed cryptocurrency companies Galaxy Digital and Riot
Blockchain for Q2 2023 show a continuation of the negative trend. Both companies
reported a net loss explained by challenging market conditions.
Bitstamp Hunts for Funds and Halts Part of US
Trading
The 2022
financial report was published at a time when there is much discussion about Bitstamp, the
crypto exchange. On Tuesday, it
announced its plans to seek new investors, launch derivatives trading in
Europe, and expand its operations in the UK and Asian markets.
Bitstamp's
CEO, Jean-Baptiste Graftieaux, revealed that the company is seeking new funding
and a strategic sponsor to achieve these plans and rebuild its position as one
of the world's largest cryptocurrency exchanges.
According
to data from Kaiko, Bitstamp's US branch, which holds a BitLicense issued by
New York State, has gained some of the local market share in 2023. Meanwhile, other
popular platforms, such as Binance US, have become less significant, partly due
to regulatory issues and lawsuits.
However, it
turns out that regulatory problems have ultimately affected Bitstamp.
Yesterday (Wednesday), the exchange announced the suspension of trading for
several cryptocurrencies in the US due to legislative issues. The suspension
will take effect from August 29, affecting Axie Infinity (AXS), Decentraland
(MANA), Chiliz (CHZ), Sandbox (SAND), and Solana (SOL).
Another
popular crypto exchange has joined the ranks of the digital asset companies that
were significantly impacted by the industry downturn in 2022. Bitstamp's
financial report was released this week summarizing the past year in reflection of the previous year. Its revenue dropped to almost a fifth of its previous figures seen in 2021; its turnover more than halved in value, ending with a net loss of
over €7 million.
Bitstamp: €37
Million Profit to a Loss of €7Million
Bitstamp
Limited, registered in the UK, published its full accounts and summarized the results
for 2022. It exhibited a substantial decline compared to the record-breaking
year of 2021, reflecting how the digital asset market's condition changed over
these two years.
In 2021,
when a single Bitcoin (BTC) was valued at nearly $70,000, Bitstamp's revenue
reached €109 million, with a profit of €37 million. However, in 2022, when
BTC's price dropped to as low as $15,000, its revenues shrank to
€29 million. Simultaneously, the net profit shifted to a loss of €7 million.
Other
significant financial indicators of the cryptocurrency exchange also depreciated. The total volume plummetted from €117 million to just under €55 million.
At the same time, the company incurred higher administrative costs than in
2021, amounting to €57 million.
Scan of Bitstamp's report seen by Finance Magnates. Source: Gov.uk
As the
company admits, such significant declines in performance were caused by
"unfavorable market conditions and the reduction in trading volumes."
The latter was due to transferring part of the business to three subsidiary
companies: Bitstamp USA, Bitstamp Global, and Bitstamp Europe. The report also
mentioned the negative impact of the war in Ukraine on conducting business in
Europe.
"The
company's total assets decreased to EUR 358,901,713 compared to EUR
1,344,442,798 in 2021. This is mainly driven by the lower trading volumes
during the year and a consequence of the transfer of business mentioned above,"
the company commented in the financial report.
As it turns
out, the negative effects of the crypto winter have not ceased in 2022. The latest
reports from publicly listed cryptocurrency companies Galaxy Digital and Riot
Blockchain for Q2 2023 show a continuation of the negative trend. Both companies
reported a net loss explained by challenging market conditions.
Bitstamp Hunts for Funds and Halts Part of US
Trading
The 2022
financial report was published at a time when there is much discussion about Bitstamp, the
crypto exchange. On Tuesday, it
announced its plans to seek new investors, launch derivatives trading in
Europe, and expand its operations in the UK and Asian markets.
Bitstamp's
CEO, Jean-Baptiste Graftieaux, revealed that the company is seeking new funding
and a strategic sponsor to achieve these plans and rebuild its position as one
of the world's largest cryptocurrency exchanges.
According
to data from Kaiko, Bitstamp's US branch, which holds a BitLicense issued by
New York State, has gained some of the local market share in 2023. Meanwhile, other
popular platforms, such as Binance US, have become less significant, partly due
to regulatory issues and lawsuits.
However, it
turns out that regulatory problems have ultimately affected Bitstamp.
Yesterday (Wednesday), the exchange announced the suspension of trading for
several cryptocurrencies in the US due to legislative issues. The suspension
will take effect from August 29, affecting Axie Infinity (AXS), Decentraland
(MANA), Chiliz (CHZ), Sandbox (SAND), and Solana (SOL).
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
Deutsche Börse’s 360T Plugs Bitpanda Into FX Network to Channel Institutions Into Crypto
Hannah Hill on Innovation, Branding & Award-Winning Technology | Executive Interview | AXI
Hannah Hill on Innovation, Branding & Award-Winning Technology | Executive Interview | AXI
Recorded live at FMLS:25, this executive interview features Hannah Hill, Head of Brand and Sponsorship at AXI, in conversation with Finance Magnates, following AXI’s win for Most Innovative Broker of the Year 2025.
In this wide-ranging discussion, Hannah shares insights on:
🔹What winning the Finance Magnates award means for AXI’s credibility and innovation
🔹How the launch of AXI Select, the capital allocation program, is redefining industry standards
🔹The development and rollout of the AXI trading app across multiple markets
🔹Driving brand evolution alongside technological advancements
🔹Encouraging and recognizing teams behind the scenes
🔹The role of marketing, content, and social media in building product awareness
Hannah explains why standout products, strategic branding, and a focus on innovation are key to growing visibility and staying ahead in a competitive brokerage landscape.
🏆 Award Highlight: Most Innovative Broker of the Year 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #MostInnovativeBroker #TradingTechnology #FinTech #Brokerage #ExecutiveInterview #AXI
Recorded live at FMLS:25, this executive interview features Hannah Hill, Head of Brand and Sponsorship at AXI, in conversation with Finance Magnates, following AXI’s win for Most Innovative Broker of the Year 2025.
In this wide-ranging discussion, Hannah shares insights on:
🔹What winning the Finance Magnates award means for AXI’s credibility and innovation
🔹How the launch of AXI Select, the capital allocation program, is redefining industry standards
🔹The development and rollout of the AXI trading app across multiple markets
🔹Driving brand evolution alongside technological advancements
🔹Encouraging and recognizing teams behind the scenes
🔹The role of marketing, content, and social media in building product awareness
Hannah explains why standout products, strategic branding, and a focus on innovation are key to growing visibility and staying ahead in a competitive brokerage landscape.
🏆 Award Highlight: Most Innovative Broker of the Year 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #MostInnovativeBroker #TradingTechnology #FinTech #Brokerage #ExecutiveInterview #AXI
Executive Interview | Dor Eligula | Co-Founder & Chief Business Officer, BridgeWise | FMLS:25
Executive Interview | Dor Eligula | Co-Founder & Chief Business Officer, BridgeWise | FMLS:25
In this session, Jonathan Fine form Ultimate Group speaks with Dor Eligula from Bridgewise, a fast-growing AI-powered research and analytics firm supporting brokers and exchanges worldwide.
We start with Dor’s reaction to the Summit and then move to broker growth and the quick wins brokers often overlook. Dor shares where he sees “blue ocean” growth across Asian markets and how local client behaviour shapes demand.
We also discuss the rollout of AI across investment research. Dor gives real examples of how automation and human judgment meet at Bridgewise — including moments when analysts corrected AI output, and times when AI prevented an error.
We close with a practical question: how retail investors can actually use AI without falling into common traps.
In this session, Jonathan Fine form Ultimate Group speaks with Dor Eligula from Bridgewise, a fast-growing AI-powered research and analytics firm supporting brokers and exchanges worldwide.
We start with Dor’s reaction to the Summit and then move to broker growth and the quick wins brokers often overlook. Dor shares where he sees “blue ocean” growth across Asian markets and how local client behaviour shapes demand.
We also discuss the rollout of AI across investment research. Dor gives real examples of how automation and human judgment meet at Bridgewise — including moments when analysts corrected AI output, and times when AI prevented an error.
We close with a practical question: how retail investors can actually use AI without falling into common traps.
Brendan Callan joined us fresh off the Summit’s most anticipated debate: “Is Prop Trading Good for the Industry?” Brendan argued against the motion — and the audience voted him the winner.
In this interview, Brendan explains the reasoning behind his position. He walks through the message he believes many firms avoid: that the current prop trading model is too dependent on fees, too loose on risk, and too confusing for retail audiences.
We discuss why he thinks the model grew fast, why it may run into walls, and what he believes is needed for a cleaner, more responsible version of prop trading.
This is Brendan at his frankest — sharp, grounded, and very clear about what changes are overdue.
Brendan Callan joined us fresh off the Summit’s most anticipated debate: “Is Prop Trading Good for the Industry?” Brendan argued against the motion — and the audience voted him the winner.
In this interview, Brendan explains the reasoning behind his position. He walks through the message he believes many firms avoid: that the current prop trading model is too dependent on fees, too loose on risk, and too confusing for retail audiences.
We discuss why he thinks the model grew fast, why it may run into walls, and what he believes is needed for a cleaner, more responsible version of prop trading.
This is Brendan at his frankest — sharp, grounded, and very clear about what changes are overdue.
Elina Pedersen on Growth, Stability & Ultra-Low Latency | Executive Interview | Your Bourse
Elina Pedersen on Growth, Stability & Ultra-Low Latency | Executive Interview | Your Bourse
Recorded live at FMLS:25 London, this executive interview features Elina Pedersen, in conversation with Finance Magnates, following her company’s win for Best Connectivity 2025.
🔹In this wide-ranging discussion, Elina shares insights on:
🔹What winning a Finance Magnates award means for credibility and reputation
🔹How broker demand for stability and reliability is driving rapid growth
🔹The launch of a new trade server enabling flexible front-end integrations
🔹Why ultra-low latency must be proven with data, not buzzwords
🔹Common mistakes brokers make when scaling globally
🔹Educating the industry through a newly launched Dealers Academy
🔹Where AI fits into trading infrastructure and where it doesn’t
Elina explains why resilient back-end infrastructure, deep client partnerships, and disciplined focus are critical for brokers looking to scale sustainably in today’s competitive market.
🏆 Award Highlight: Best Connectivity 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #BestConnectivity #TradingTechnology #UltraLowLatency #FinTech #Brokerage #ExecutiveInterview
Recorded live at FMLS:25 London, this executive interview features Elina Pedersen, in conversation with Finance Magnates, following her company’s win for Best Connectivity 2025.
🔹In this wide-ranging discussion, Elina shares insights on:
🔹What winning a Finance Magnates award means for credibility and reputation
🔹How broker demand for stability and reliability is driving rapid growth
🔹The launch of a new trade server enabling flexible front-end integrations
🔹Why ultra-low latency must be proven with data, not buzzwords
🔹Common mistakes brokers make when scaling globally
🔹Educating the industry through a newly launched Dealers Academy
🔹Where AI fits into trading infrastructure and where it doesn’t
Elina explains why resilient back-end infrastructure, deep client partnerships, and disciplined focus are critical for brokers looking to scale sustainably in today’s competitive market.
🏆 Award Highlight: Best Connectivity 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #BestConnectivity #TradingTechnology #UltraLowLatency #FinTech #Brokerage #ExecutiveInterview
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
