Bitstamp has obtained its 50th licence, as a virtual asset services provider, in Spain, the company said on Thursday 17 November. It has several authorisations for Bitstamp Europe, including in Luxembourg, as well as in Canada and the US.

“This is a new milestone in Bitstamp’s history, after recently obtaining registration in Italy. Spain, as one of our top five markets, is a key territory in our global strategy, to further boost cryptocurrency regulation and provide stability to retail investors and institutions. We are proud that the registration in Spain brings the number of licenses and registrations we have been granted globally to 50,” stated , global CEO of Bitstamp.

Revenue increase between 2020 and 2021

According to the latest available annual results, the company’s revenues had increased 4.5 times between 2020 and 2021. Its share of the Spanish market remained stuck at 2.2%, placing it in 11th position among the countries where it distributes its product.

In the CryptoCompare ranking released on Thursday, the exchange was ranked number 1 in the world. But in the annual benchmark, it was third, among the four exchanges that received an AA--the highest rating--along with Coinbase, Gemini and Binance.

Bitstamp was founded in 2011, has had its EU headquarters in Luxembourg since 2016, and allows users to invest in 78 digital assets.

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