Former Kraken COO Robert Zagotta Joins Bitstamp as US CEO
- He will help the exchange to grow its business further in the country.
Cryptocurrency Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectively relevant with real-time pricing.Depending upon where you reside, an exchange may be referred to as a bourse or a share exchange while, as a whole, exchanges are present within the majority of countries. Who is Listed on an Exchange?As trading continues to transition more to electronic exchanges, transactions become more dispersed through varying exchanges. This in turn has caused a surge in the implementation of trading algorithms and high-frequency trading applications. In order for a company to be listed on a stock exchange for example, a company must divulge information such as minimum capital requirements, audited earnings reports, and financial reports.Not all exchanges are created equally, with some outperforming other exchanges significantly. The most high-profile exchanges to date include the New York Stock Exchange (NYSE), the Tokyo Stock Exchange (TSE), the London Stock Exchange (LSE), and the Nasdaq. Outside of trading, a stock exchange may be used by companies aiming to raise capital, this is most commonly seen in the form of initial public offerings (IPOs).Exchanges can now handle other asset classes, given the rise of cryptocurrencies as a more popularized form of trading. An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectively relevant with real-time pricing.Depending upon where you reside, an exchange may be referred to as a bourse or a share exchange while, as a whole, exchanges are present within the majority of countries. Who is Listed on an Exchange?As trading continues to transition more to electronic exchanges, transactions become more dispersed through varying exchanges. This in turn has caused a surge in the implementation of trading algorithms and high-frequency trading applications. In order for a company to be listed on a stock exchange for example, a company must divulge information such as minimum capital requirements, audited earnings reports, and financial reports.Not all exchanges are created equally, with some outperforming other exchanges significantly. The most high-profile exchanges to date include the New York Stock Exchange (NYSE), the Tokyo Stock Exchange (TSE), the London Stock Exchange (LSE), and the Nasdaq. Outside of trading, a stock exchange may be used by companies aiming to raise capital, this is most commonly seen in the form of initial public offerings (IPOs).Exchanges can now handle other asset classes, given the rise of cryptocurrencies as a more popularized form of trading. Read this Term Bitstamp has hired Robert Zagotta, who most recently was the Chief Operating Officer at rival Kraken, as its Chief Executive Officer for the United States.
In an announcement on Wednesday, Bitstamp detailed that Zagotta will lead the exchange’s operations in the US. He will focus on the company’s day-to-day operations and will accelerate its growing business in the region.
Bitstamp’s Global CEO, Julian Sawyer said: “The U.S. has a unique regulatory landscape and a huge potential upside in the digital asset industry. By appointing a regional CEO for Bitstamp, it demonstrates the importance that the United States is playing for our global exchange.”
An Experienced Executive
Zagotta became a well-known figure in the crypto industry after his more than three-year-long tenure at Kraken. Before that, he was a Senior Strategist and Advisor at insurance brokerage Gallagher and spent almost half a decade at Chicago Mercantile Exchange Group in a couple of executive roles.
The industrial engineering graduate started his career in his core field in 1988 but moved to PricewaterhouseCoopers in the early 90s as a Senior Manager and Principal Consultant. Additionally, he co-founded a strategy advisory firm.
Headquartered in Luxembourg, Bitstamp has shifted its focus to the US market and is receiving success. According to the exchange, the number of its US customers skyrocketed by 570 percent, and the asset under management increased by 281 percent in the first six months of 2021.
Other than the US, Bitstamp is shuffling its top management. Its Global CEO Sawyer himself joined last October, replacing Co-Founder Nejc Kodrič. Furthermore, the exchange revealed that it is looking for a new Chief Financial Officer and Chief Operating Officer.
Cryptocurrency Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectively relevant with real-time pricing.Depending upon where you reside, an exchange may be referred to as a bourse or a share exchange while, as a whole, exchanges are present within the majority of countries. Who is Listed on an Exchange?As trading continues to transition more to electronic exchanges, transactions become more dispersed through varying exchanges. This in turn has caused a surge in the implementation of trading algorithms and high-frequency trading applications. In order for a company to be listed on a stock exchange for example, a company must divulge information such as minimum capital requirements, audited earnings reports, and financial reports.Not all exchanges are created equally, with some outperforming other exchanges significantly. The most high-profile exchanges to date include the New York Stock Exchange (NYSE), the Tokyo Stock Exchange (TSE), the London Stock Exchange (LSE), and the Nasdaq. Outside of trading, a stock exchange may be used by companies aiming to raise capital, this is most commonly seen in the form of initial public offerings (IPOs).Exchanges can now handle other asset classes, given the rise of cryptocurrencies as a more popularized form of trading. An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectively relevant with real-time pricing.Depending upon where you reside, an exchange may be referred to as a bourse or a share exchange while, as a whole, exchanges are present within the majority of countries. Who is Listed on an Exchange?As trading continues to transition more to electronic exchanges, transactions become more dispersed through varying exchanges. This in turn has caused a surge in the implementation of trading algorithms and high-frequency trading applications. In order for a company to be listed on a stock exchange for example, a company must divulge information such as minimum capital requirements, audited earnings reports, and financial reports.Not all exchanges are created equally, with some outperforming other exchanges significantly. The most high-profile exchanges to date include the New York Stock Exchange (NYSE), the Tokyo Stock Exchange (TSE), the London Stock Exchange (LSE), and the Nasdaq. Outside of trading, a stock exchange may be used by companies aiming to raise capital, this is most commonly seen in the form of initial public offerings (IPOs).Exchanges can now handle other asset classes, given the rise of cryptocurrencies as a more popularized form of trading. Read this Term Bitstamp has hired Robert Zagotta, who most recently was the Chief Operating Officer at rival Kraken, as its Chief Executive Officer for the United States.
In an announcement on Wednesday, Bitstamp detailed that Zagotta will lead the exchange’s operations in the US. He will focus on the company’s day-to-day operations and will accelerate its growing business in the region.
Bitstamp’s Global CEO, Julian Sawyer said: “The U.S. has a unique regulatory landscape and a huge potential upside in the digital asset industry. By appointing a regional CEO for Bitstamp, it demonstrates the importance that the United States is playing for our global exchange.”
An Experienced Executive
Zagotta became a well-known figure in the crypto industry after his more than three-year-long tenure at Kraken. Before that, he was a Senior Strategist and Advisor at insurance brokerage Gallagher and spent almost half a decade at Chicago Mercantile Exchange Group in a couple of executive roles.
The industrial engineering graduate started his career in his core field in 1988 but moved to PricewaterhouseCoopers in the early 90s as a Senior Manager and Principal Consultant. Additionally, he co-founded a strategy advisory firm.
Headquartered in Luxembourg, Bitstamp has shifted its focus to the US market and is receiving success. According to the exchange, the number of its US customers skyrocketed by 570 percent, and the asset under management increased by 281 percent in the first six months of 2021.
Other than the US, Bitstamp is shuffling its top management. Its Global CEO Sawyer himself joined last October, replacing Co-Founder Nejc Kodrič. Furthermore, the exchange revealed that it is looking for a new Chief Financial Officer and Chief Operating Officer.