Luxembourg-based cryptocurrency exchange Bitstamp has been granted permission to operate in Italy, the company’s third market.
“Italy is among the most important markets in Europe, and we are thrilled to provide its citizens with a safe and secure way to trade cryptocurrencies,” Jean-Baptiste Graftieaux, Bitstamp’s global CEO, said in an emailed statement.
“With banking-grade regulatory and compliance infrastructure to ensure that all our customers and partners can work with us with complete security, we are both the longest running and one of the most reliable crypto exchanges in the world,” he wrote.
Bitstamp started operating in Luxembourg in 2016 and in the Netherlands in 2021.
According to the Italian regulator OAM’s website, Bitstamp received its authorisation on 22 July. The company declined to say when it would start trading in the country.
Bitstamp indicated that it planned further expansions, but did not disclose which markets were next on its list. “This registration in Italy is part of our global plans to offer services across Europe and around the world,” Graftieaux stated on 26 July.
“We believe the crypto market will continue growing and maturing as cryptocurrencies become increasingly mainstream, and we will continue working with regulators around the world to support the market’s growth and protect investors,” he said.
The company named Graftieaux, formerly its chief compliance officer and Europe CEO, as its global CEO in May 2022.