Bitstamp, one of many oldest crypto exchanges on the earth, 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 said Sawyer, who first grew to become CEO of the crypto trade in October 2020, “has determined to pursue different alternatives.” Graftieaux took over the place on Could 7, having been the Bitstamp Europe CEO since Could 2021. In line with the trade, Graftieaux has 20 years of expertise in “crypto, funds, and monetary 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 enterprise over the previous yr,” stated Bitstamp’s board of administrators chair Nicolas Huss. “We’re happy to welcome a CEO with such a powerful observe report, and really a lot stay up for the contribution and perspective he’ll convey to the corporate in his new position.”

Jean-Baptiste Graftieaux has joined us as Managing Director of Europe, spearheading our efforts to additional strengthen our place as probably the most dependable cryptocurrency trade! Beforehand, he held regulatory positions @PayPal and @eBay. https://t.co/zJZPG1rwRr

— Bitstamp (@Bitstamp) May 19, 2021

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

Crypto positive aspects belief as funding, however nonetheless lags behind different choices: Bitstamp report

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

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