Key Data

• Trading Name: Bitstamp
• Legal Entity: Bitstamp Limited
• Activities: Bitstamp is a cryptocurrency exchange that enables users to buy, sell, and trade various digital assets.
• Location: Headquartered in Luxembourg.
• Regulations: Bitstamp is regulated by the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg and adheres to European financial rules, providing robust protection for its users.
• Key People: Julian Sawyer (CEO)/Nejc Kodrič/ Damijan Merlak 
• PCI DSS Level: Bitstamp is certified as PCI DSS Level 1 compliant, ensuring top-tier security for processing and storing payment data.

Bitstamp is a cryptocurrency exchange that enables users to buy, sell, and trade various digital assets.

Offering

Bitstamp offers a range of services, including a spot exchange for trading cryptocurrencies, staking services through Bitstamp Earn, and educational resources via its Learn Center. It supports over 80 cryptocurrencies and provides a user-friendly platform accessible via both desktop and mobile apps. Institutional clients can access advanced trading features and dedicated support.

Fees

Bitstamp employs a volume-based maker/taker fee structure. Trading fees start at 0.30% for makers and 0.40% for takers, with no fees for the first $1,000 of trading volume within 30 days. Additional fees apply for certain services, such as a 4% charge for instant purchases via bank card.

Industries

Bitstamp operates within the cryptocurrency and financial technology (FinTech) industries.

Online Reputation

Bitstamp is well-regarded for its security measures, including the use of cold storage, two-factor authentication (2FA), and regular audits. It is considered one of the more reliable and user-friendly cryptocurrency exchanges, appealing to both beginners and experienced traders.

• Google Reviews: Bitstamp has a 4.4 out of 5 rating on Google, with users praising its security features and ease of use. However, some negative reviews highlight issues with customer support and fees.
• Trustpilot Reviews: Bitstamp has mixed reviews on Trustpilot, with an average rating of 3.7 out of 5. Positive reviews commend the platform’s security and user interface, while negative reviews often focus on the rigorous KYC processes and account verification issues.

Regulatory Approvals and Licenses

Recently, Bitstamp received in-principle approval from the Monetary Authority of Singapore (MAS) to provide digital payment token services. This approval marks a significant step in Bitstamp’s strategy to expand its footprint in the Asia-Pacific region. Bitstamp is the first major European cryptocurrency exchange to secure such an approval in Singapore, reinforcing its compliance-forward approach and commitment to regulatory standards​

Bitstamp Regulation and Licenses

• Luxembourg: Bitstamp is regulated by the Commission de Surveillance du Secteur Financier (CSSF).
• United Kingdom:** Registered with the Financial Conduct Authority (FCA).
• United States: Operates in 40 states and holds various state licenses.
• Singapore: Received in-principle approval from the Monetary Authority of Singapore (MAS) for a major payment institution license.

Global Presence:
Bitstamp holds licenses and registrations across multiple European countries including the Netherlands, Italy, Spain, and France.

These regulatory approvals ensure Bitstamp’s compliance with financial regulations and enhance its credibility and security measures in the global cryptocurrency market.

News

Robinhood has announced its acquisition of the European cryptocurrency exchange Bitstamp for $200 million. This strategic move aims to enhance Robinhood’s offerings to institutional crypto customers and expand its international presence in the cryptocurrency market. The acquisition comes shortly after the SEC filed a lawsuit against Robinhood for alleged securities law violations. Bitstamp, founded in 2011, is known for trading 85 crypto assets and providing services such as staking and lending. The deal is expected to close in the first half of next year, pending regulatory approval.

People

Bitstamp was founded by Nejc Kodrič and Damijan Merlak in Slovenia in the fall of 2011.

Conclusion and Rating

We classify Bitstamp as Green because they meet all necessary criteria, both in terms of compliance and customer service. Bitstamp is regulated by several authorities, including the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg, the Financial Conduct Authority (FCA) in the United Kingdom, and the Monetary Authority of Singapore (MAS). Additionally, they hold licenses in the USA and various European countries. This extensive regulatory framework ensures compliance with financial regulations and provides high security for customers.