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Head of Bitstamp’s European arm turns into newest CEO of worldwide crypto alternate

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Bitstamp, one of many oldest crypto exchanges on the planet, has introduced the appointment of Jean-Baptiste (JB) Graftieaux as its new world CEO following the departure of Julian Sawyer.

In a Monday announcement, Bitstamp mentioned Sawyer, who first grew to become CEO of the crypto alternate in October 2020, “has decided to pursue other opportunities.” Graftieaux took over the place on May 7, having been the Bitstamp Europe CEO since May 2021. According to the alternate, Graftieaux has 20 years of expertise in “crypto, payments, and financial sectors,” having first joined Bitstamp in November 2014 because the agency’s chief compliance officer following 5 years at PayPal.

“JB was with Bitstamp in its early days, and has admirably led our European business over the past year,” mentioned Bitstamp’s board of administrators chair Nicolas Huss. “We’re pleased to welcome a CEO with such an impressive track record, and very much look forward to the contribution and perspective he will bring to the company in his new role.”

Graftieaux would be the third world CEO of Bitstamp after the departure of Sawyer, who took over from the alternate’s co-founder Nejc Kodrič. It’s unclear if Sawyer will proceed to work within the digital asset house — his LinkedIn profile on the time of publication confirmed the previous CEO was an honorary senior visiting fellow at City, University of London and a board adviser for neobank Volt.

Related: Crypto features belief as funding, however nonetheless lags behind different choices: Bitstamp report

Founded in 2011, Bitstamp is ranked eleventh amongst crypto exchanges with a day by day buying and selling quantity of greater than $322 million, in keeping with knowledge from CoinMarketCap. In April, the alternate requested its customers to replace their accounts to determine the origin of cryptocurrencies saved on the platform, in compliance with rules.

Cointelegraph reached out to Julian Sawyer, however didn’t obtain a response on the time of publication.