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.
Kraken–Deutsche Börse Pact Targets Unified Trading Across Crypto, Stocks and Futures
Marketing in 2026 Audiences, Costs, and Smarter AI
Marketing in 2026 Audiences, Costs, and Smarter AI
As brokers eye B2B business and compete with fintechs and crypto exchanges alike, marketers need to act wisely with often limited budgets. AI can offer scalable solutions, but only if used properly.
Join seasoned marketing executives and specialists as they discuss the main challenges they identify in financial services in 2026 and how they address them.
Attendees of this session will walk away with:
- A nuts-and-bolts account of acquisition costs across platforms and geos
- Analysis of today’s multi-layered audience segments and differences in behaviour
- First-hand account of how global brokers balance consistency and local flavour
- Notes from the field about intelligently using AI and automation in marketing
Speakers:
-Yam Yehoshua, Editor-In-Chief at Finance Magnates
-Federico Paderni, Managing Director for Growth Markets in Europe at X
-Jo Benton, Chief Marketing Officer, Consulting | Fractional CMO
-Itai Levitan, Head of Strategy at investingLive
-Roberto Napolitano, CMO at Innovate Finance
-Tony Cross, Director at Monk Communications
#fmls #fmls25 #fmevents #FintechMarketing #AI #DigitalStrategy #Fintech #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
As brokers eye B2B business and compete with fintechs and crypto exchanges alike, marketers need to act wisely with often limited budgets. AI can offer scalable solutions, but only if used properly.
Join seasoned marketing executives and specialists as they discuss the main challenges they identify in financial services in 2026 and how they address them.
Attendees of this session will walk away with:
- A nuts-and-bolts account of acquisition costs across platforms and geos
- Analysis of today’s multi-layered audience segments and differences in behaviour
- First-hand account of how global brokers balance consistency and local flavour
- Notes from the field about intelligently using AI and automation in marketing
Speakers:
-Yam Yehoshua, Editor-In-Chief at Finance Magnates
-Federico Paderni, Managing Director for Growth Markets in Europe at X
-Jo Benton, Chief Marketing Officer, Consulting | Fractional CMO
-Itai Levitan, Head of Strategy at investingLive
-Roberto Napolitano, CMO at Innovate Finance
-Tony Cross, Director at Monk Communications
#fmls #fmls25 #fmevents #FintechMarketing #AI #DigitalStrategy #Fintech #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
Much like their traders in the market, brokers must diversify to manage risk and stay resilient. But that can get costly, clunky, and lengthy.
This candid panel brings together builders across the trading infrastructure space to uncover the shifting dynamics behind tools, interfaces, and full-stack ambitions.
Attendees will hear:
-Why platform dependency has become one of the most overlooked risks in the trading business?
-Buy vs. build: What do hybrid models look like, and why are industry graveyards filled with failed ‘killer apps’?
-How AI is already changing execution, risk, and reporting—and what’s next?
-Which features, assets, and tools gain the most traction, and where brokers should look for tech-driven retention?
Speakers:
-Stephen Miles, Chief Revenue Officer at FYNXT
-John Morris, Co-Founder at FXBlue
-Matthew Smith, Group Chair & CEO at EC Markets
-Tom Higgins, Founder & CEO at Gold-i
-Gil Ben Hur, Founder at 5% Group
#fmls #fmls25 #fmevents #Brokers #Trading #Fintech #FintechInnovation #TradingTechnology #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
Much like their traders in the market, brokers must diversify to manage risk and stay resilient. But that can get costly, clunky, and lengthy.
This candid panel brings together builders across the trading infrastructure space to uncover the shifting dynamics behind tools, interfaces, and full-stack ambitions.
Attendees will hear:
-Why platform dependency has become one of the most overlooked risks in the trading business?
-Buy vs. build: What do hybrid models look like, and why are industry graveyards filled with failed ‘killer apps’?
-How AI is already changing execution, risk, and reporting—and what’s next?
-Which features, assets, and tools gain the most traction, and where brokers should look for tech-driven retention?
Speakers:
-Stephen Miles, Chief Revenue Officer at FYNXT
-John Morris, Co-Founder at FXBlue
-Matthew Smith, Group Chair & CEO at EC Markets
-Tom Higgins, Founder & CEO at Gold-i
-Gil Ben Hur, Founder at 5% Group
#fmls #fmls25 #fmevents #Brokers #Trading #Fintech #FintechInnovation #TradingTechnology #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
Educators, IBs, And Other Regional Growth Drivers
Educators, IBs, And Other Regional Growth Drivers
When acquisition costs rise and AI generated reviews are exactly as useful as they sound, performing and fair partners can make or break brokers.
This session looks at how these players are shaping access, trust and user engagement, and what the most effective partnership models look like in 2025.
Key Themes:
- Building trader communities through education and local expertise
- Aligning broker incentives with long-term regional strategies
- Regional regulation and the realities of compliant acquisition
- What’s next for performance-driven partnerships in online trading
Speakers:
-Adam Button, Chief Currency Analyst at investingLive
-Zander Van Der Merwe, Key Individual & Head of Sales at TD Markets
-Brunno Huertas, Regional Manager – Latin America at Tickmill
-Paul Chalmers, CEO at UK Trading Academy
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #BrokerGrowth #FintechPartnerships #RegionalMarkets
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
When acquisition costs rise and AI generated reviews are exactly as useful as they sound, performing and fair partners can make or break brokers.
This session looks at how these players are shaping access, trust and user engagement, and what the most effective partnership models look like in 2025.
Key Themes:
- Building trader communities through education and local expertise
- Aligning broker incentives with long-term regional strategies
- Regional regulation and the realities of compliant acquisition
- What’s next for performance-driven partnerships in online trading
Speakers:
-Adam Button, Chief Currency Analyst at investingLive
-Zander Van Der Merwe, Key Individual & Head of Sales at TD Markets
-Brunno Huertas, Regional Manager – Latin America at Tickmill
-Paul Chalmers, CEO at UK Trading Academy
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #BrokerGrowth #FintechPartnerships #RegionalMarkets
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
The Leap to Everything App: Are Brokers There Yet?
The Leap to Everything App: Are Brokers There Yet?
As the arms race to bundle investing, personal finance, and wallets under super apps grows fiercer, brokers are caught between a rock and a hard place.
This session explores unexpected ways for industry players to collaborate as consumer habits evolve, competitors eye the traffic, and regulation becomes more nuanced.
Speakers:
-Laura McCracken,CEO | Advisory Board Member at Blackheath Advisors | The Payments Association
-Slobodan Manojlović,Vice President | Lead Software Engineer at JP Morgan Chase & Co.
-Jordan Sinclair, President at Robinhood UK
-Simon Pelletier, Head of Product at Yuh
Gerald Perez, CEO at Interactive Brokers UK
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
As the arms race to bundle investing, personal finance, and wallets under super apps grows fiercer, brokers are caught between a rock and a hard place.
This session explores unexpected ways for industry players to collaborate as consumer habits evolve, competitors eye the traffic, and regulation becomes more nuanced.
Speakers:
-Laura McCracken,CEO | Advisory Board Member at Blackheath Advisors | The Payments Association
-Slobodan Manojlović,Vice President | Lead Software Engineer at JP Morgan Chase & Co.
-Jordan Sinclair, President at Robinhood UK
-Simon Pelletier, Head of Product at Yuh
Gerald Perez, CEO at Interactive Brokers UK
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
Mind The Gap: Can Retail Investors Save the UK Stock Market?
Mind The Gap: Can Retail Investors Save the UK Stock Market?
As the dire state of listing and investment in the UK goes from a financial services problem to a national challenge, the retail investing industry is taken to task.
Join a host of executives and experts for a candid conversation about the future of millions of Brits, as seen from a financial services standpoint:
-Are they happy with the Leeds Reform, in principle and in practice?
-Is it the government’s job to affect the ‘saver’ mentality? Is it doing well?
-What can brokers and fintechs do to spur UK investment?
-How can the FCA balance greater flexibility with consumer protection?
Speakers:
-Adam Button, Chief Currency Analyst at investingLive
-Nicola Higgs, Partner at Latham & Watkins
-Dan Lane, Investment Content Lead at Robinhood UK
-Jack Crone, PR & Public Affairs Lead at IG
-David Belle, Founder at Fink Money
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #RetailInvesting #UKFinance
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
As the dire state of listing and investment in the UK goes from a financial services problem to a national challenge, the retail investing industry is taken to task.
Join a host of executives and experts for a candid conversation about the future of millions of Brits, as seen from a financial services standpoint:
-Are they happy with the Leeds Reform, in principle and in practice?
-Is it the government’s job to affect the ‘saver’ mentality? Is it doing well?
-What can brokers and fintechs do to spur UK investment?
-How can the FCA balance greater flexibility with consumer protection?
Speakers:
-Adam Button, Chief Currency Analyst at investingLive
-Nicola Higgs, Partner at Latham & Watkins
-Dan Lane, Investment Content Lead at Robinhood UK
-Jack Crone, PR & Public Affairs Lead at IG
-David Belle, Founder at Fink Money
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #RetailInvesting #UKFinance
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
