Bitstamp, one of the world’s oldest and largest cryptocurrency exchange platforms, is changing CEO for the first time.

Nejc Kodrich, CEO of the company that co-founded Bitstamp in 2011, is retiring. Bitstamp executives told Cointelegraph on Oct. 22 that he would move to a new position as a consultant on the company’s board.

Julian Sawyer, currently CEO of the UK and Europe in Gemini, the world’s largest cryptocurrency exchange, will replace Kodrich as the second CEO in Bitstamp history.

This replacement is considered to be a response to the dynamic growth in the stock market over the past nine years.

Kodric says that Bitstamp has grown beyond its original vision since its inception many years ago. At the time, bitcoin traded for just a few cents, and Kodrić managed to arrange a € 1,000 exchange in a garage, two laptops and a server. Bitcoin (BTC) is currently trading at $ 12,783, and Bitstamp is one of the best cryptocurrency exchanges in the world. Kodric sa:

“After much thought, I came to the conclusion that Bitstamp has really grown beyond what I imagined, and it is time for someone else to expand that vision further. […] Although we have grown a lot, it seems like Bitstamp is just getting started. ”
Sawyer has over 20 years of experience in banking and financial technology. In May 2015, Sawyer co-founded Starling Bank, where he served as Chief Operating Officer until 2019. The CEO has also served as a consultant and advisor to other banks and founded the financial management consulting firm Bluerock Consulting.

At the time of publication, Bitstamp was the 8th largest cryptocurrency exchange in terms of daily trading volume, which is around $ 373 million according to CoinGecko. The exchange offers trading services for seven major digital currencies, including Bitcoin, ETH (ETH) and XRP.

Source: CoinTelegraph