Bitstamp is a Bitcoin exchange based in the United Kingdom. Nejc Kodrič and Damijan Merlak, two early Bitcoin users from Slovenia, founded the exchange in 2011.
When it launched, Bitstamp became the first major alternative to now failed Bitcoin exchange Mt. Gox.
Bitstamp’s main product is its USD/BTC exchange, where it handles about 7% of global USD / Bitcoin trading volume.
In January 2015, Bitstamp lost $5 million (slightly less than 19,000 BTC) in a hack on its hot wallet. The exchange later claimed that user funds were not affected and that all balances would be honored.
In April 2016, Bitstamp became the first Bitcoin exchange to be granted a license to become a fully regulated payment institution in Europe. With the license, Bitstamp launched its BTC/EUR trading pair.
Bitstamp announced a partnership with gold exchange MORO in October, 2015. The partnership allows Bitstamp customers to withdrawal funds from the exchange in the form of gold. The 20 gram gold bars are shipped free of charge and delivery is fully insured.
Venture Capital Rounds
Bitstamp: $10 million - First
31-Oct-2013 | Exchange
Investors: Pantera Capital Management
Country: United Kingdom