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Kodrič steps down as Bitstamp CEO; Gemini alum takes over

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Almost a decade after founding Bitstamp, Nejc Kodrič has stepped down as its CEO. In a blog post released by the Europe-based crypto exchange, the role is said to be given to Gemini alum Julian Sawyer.

‘We are excited to welcome Julian at a time when Bitstamp is already growing rapidly. This year has already seen us take large strides with developments like the introduction of a new matching engine built by Nasdaq, the listing of GBP and several additional digital assets’, the press release read. ‘Now we look forward to starting a new chapter with Julian and building on the strong foundations we’ve set for Bitstamp’.

Sawyer has over 20 years of banking and fintech expertise. He currently serves as the managing director of the global crypto exchange Gemini in the UK and Europe. He is also an advisor to the board of Volt, the top Australian challenger bank, and an Honorary Senior Visiting Fellow at CASS Business School’s Faculty of Management.

Prior to his experience in fintech, Sawyer founded the UK-based mobile banking giant Starling Bank where he served as COO until 2019. He also launched Bluerock Consulting, a financial management consulting firm where he was a consultant and advisor for other challenger banks.

On the other hand, Kodrič will continue to play an important role in the future of Bitstamp by sharing his expertise. After serving as CEO since 2011, he will move into a non-executive role as a member of the crypto exchange’s Board of Directors.

The replacement is said to be a response to the ceaseless growth of the crypto exchange over the last nine years as it pushed beyond the founder’s initial vision. Sawyer’s background in global finance is viewed to lead the firm to the next chapter.

‘After much thought, I’ve come to the conclusion that Bitstamp has already grown beyond what I envisioned it would become and it is time for someone else to expand this vision further’, the Bitstamp founder shared. ‘Although we’ve grown exponentially, it still feels like Bitstamp is just getting started’.

Currently, Bitstamp is ranked as the 8th largest crypto exchange in terms of daily trading volume which is around 373 million USD. It is also one of the oldest exchanges in the market, providing trading services for 7 major crypto tokens and altcoins.

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