Ripple President: Bitstamp Acquisition Will Help Company Expand Its Global Reach Beyond Payments

2023-05-25 23:29:45BlockBeatsShare to:

BlockBeats news, on May 25, according to The Block, Ripple President Monica Long said that the company's recent equity acquisition of the European cryptocurrency exchange Bitstamp will help further expand the company's international influence and diversification beyond payments. According to The Block's data dashboard, Bitstamp is the 15th largest spot cryptocurrency exchange in the world by trading volume. BlockBeats previously reported that Ripple acquired a small stake in cryptocurrency trading platform Bitstamp from Pantera Capital in the first quarter of this year, but did not disclose the specific stake.

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