Cryptocurrency trade Bitstamp has employed Stephen Bearpark, a former finance director at tech big Amazon, as its chief monetary officer.
In an announcement right this moment, Bitstamp stated it will be appointing Bearpark to the manager place the place he might be answerable for overseeing the monetary development of the trade. Bearpark labored at Amazon’s EU Transportation division in Luxembourg for greater than three years, and was a finance director at monetary companies firm Barclays till 2008.
“By bringing Stephen onboard, Bitstamp is continuous to usher in the very best expertise from the most important names in tech to assist us ship new worth to customers as mainstream adoption of cryptocurrencies continues,” stated Bitstamp CEO Julian Sawyer.
The previous Amazon govt stated the “crypto business is booming,” with huge development over the previous 12 months and particularly within the first quarter of 2021. This month, the mixed market capitalization of all cryptocurrencies hit a landmark quantity — $2 trillion — to make the market extra precious than tech big Apple.
Bearpark described his place at Bitstamp as coming at a “pivotal level” within the business. He’ll purportedly be changing group chief monetary officer Edward Kemp, who left the corporate final month.
Bitstamp is without doubt one of the oldest exchanges within the crypto house, with enterprise entities based mostly in a number of international locations. Within the final 12 months, the corporate has modified key positions in its management, with former Gemini govt Julian Sawyer turning into the agency’s new CEO and Sameer Dubey its chief working officer.