Bitstamp obtains BitLicense

The New York State Department of Financial Services has granted us a BitLicense. This allows Bitstamp to continue providing crypto trading services in the US and paves the way for us to expand our presence in the States.

Bitstamp has always embraced regulatory efforts which focus on transparency and accountability that can help expand the industry. Obtaining a BitLicense is a key element in ramping up our presence in the United States, especially when it comes to working with institutional investors.

The BitLicense requires us to meet several stringent requirements when it comes to consumer protection, which is a challenge we fully embrace. It is further proof that trading at Bitstamp is subject to the same high standards followed by traditional financial institutions.

Since we opened our doors in 2011, we’ve strived to not only be the most secure and trusted crypto exchange in the world, but to shape new frontiers for the industry by developing best practices in security and self-regulation.

We look forward to carrying the lessons we’ve learned in Europe over the ocean and helping to develop a better environment for all crypto businesses, both in the US and worldwide.