Cryptocurrency exchange Bitstamp has announced that its clients base in the US increased by 570% in the first four months of 2021 versus the same period of 2020. In an announcement, the exchange added that US clients' assets under management surged by 281% in Q1, 2021.
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Bitstamp's Chief Executive, Julian Sawyer, says that the triple digit growth the exchange has seen in the US in 2021 "has shown us that Americans want access to an exchange like ours."
"The potential upside for new retail and institutional investors in the US is astronomical and, as one of the top three global exchanges, we are seeing incredible customer adoption," Sawyer added.
The Luxembourg-based cryptocurrency exchange also announced it is launching a "full-scale US marketing campaign" to bring more awareness to its services and to educate retail investors on the benefits of cryptocurrencies.
In January this year, Bitstamp started requiring its users from the Netherlands to confirm their ownership over the off-exchange withdrawal addresses. The exchange decided to verify its clients from the Netherlands in accordance with the new regulatory policies by the Dutch government.
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