Bitstamp exchange gets a new CEO as former Gemini exchange executive joins the firm

A former Gemini exchange executive, Julian Sawyer to serve as Bitstamp crypto exchange's new CEO.

By · Oct 24, 2020 . 5min read

Bitstamp exchange gets a new CEO news

Cryptocurrency exchange oldie Bitstamp is set to have a transition in leadership with its founder CEO stepping down. Gemini exchange executive will be stepping in as its new CEO.

The exchange founder Nejc Kodrič was until now the CEO since its establishment in 2011. This was barely two years after bitcoin came to limelight. The next CEO will be Julian Sawyer. He is currently serving as the Managing Director for UK and Europe branch of Gemini exchange. Per a Cointelegraph post, this transition is not to due to anything averse. Contrarily, it’s a way to solidify the exchange position as a global cryptocurrency platform.

Nejc Kodrič had founded Bitstamp and became the CEO when there were only a handful cryptocurrencies trying to replicate what appears to be a success in the “Bitcoin experiment”. In 2011, bitcoin price was just a few cents, currently trading at $12,973 as of press time. Realizing how important it is for Bitstamp to infuse the experience of a veteran finance executive like Sawyer, Nejc Kodrič says,

“After much thought, I’ve come to the conclusion that Bitstamp has already grown beyond what I envisioned it would become and it is time for someone else to expand this vision further.”

Julian Sawyer is a seasoned banker who founded Starling Bank in 2015 with an industry cognate experience of 20 years. He’s also served as a consultant and among the board of advisors for several banks. Also under his belt is Bluerock Consulting, a management consulting firm which he founded. Coming on board as Bitstamp CEO should help take the exchange to another phase since establishment.

Bitstamp ranks among the top 10 global cryptocurrency exchanges, could Gemini executive push it up further?

Currently, Bitstamp ranks among top global exchanges according to Coinmarketcap. It is the 9th cryptocurrency exchange in rank among platforms that offer spot trading. Its 24-hour trading volume is roughly $217 million down by 42%.

Bitstamp ranks 9th among the list of global cryptocurrency exchanges for spot trading according to Coinmarketcap

The number one cryptocurrency exchange by daily trade volume remains Binance followed by Coinbase Pro.

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