In a bid to become compliant in jurisdictions around the world, Bitstamp has partnered with Vogogo to expand into the US and Canadian markets.
The UK-based exchange which handles almost all the Bitcoin trades globally will benefit from this partnership because Vogogo already operates in the US and Canadian markets. Vogogo will be facilitating the movement of fiat currencies into the exchange in jurisdictions where Bitstamp is presently unable to operate. Geoff Gordon, CEO of Vogogo, said:
Bitstamp is a world renowned crypto exchange and an industry leader. We are honoured to be working with the Bitstamp team and to play our part in enabling and accelerating their global growth.
Vogogo has been facilitating payment processing since 2008. Since that time, it has grown its business exponentially, and working with Bitstamp will be no small increase for it, as customers realize that they can now easily move funds into the exchange to take part in the furious, daily trading of Bitcoin.
Nejc Kodric, CEO of Bitstamp, said:
We are thrilled to be working with Vogogo. They allow us to reach more customers while also giving all of our customers the ability to explore a revolutionary new technology in a safe and compliant manner.
Bitstamp is one of the few exchanges to successfully survive a hack, having rebuilt their platform some months back when they suffered a relatively serious loss due to hacking. All customer deposits were refunded out of the exchange’s own coffers, a move that increased user trust in the platform.