Bitstamp, one of many world’s oldest and largest cryptocurrency exchanges, is changing its CEO for the primary time.

Nejc Kodrič, the agency’s CEO who co-founded Bitstamp again in 2011, is stepping down from his place. He shall be shifting into a brand new advisory function on the corporate’s board of administrators, Bitstamp executives instructed Cointelegraph on Oct. 22.

Julian Sawyer, who at present serves because the managing director of the UK and Europe at main world crypto alternate Gemini, will substitute Kodrič, changing into the second CEO in Bitstamp’s historical past.

The alternative is purportedly a response to the dynamic progress of the alternate during the last 9 years.

Kodrič says that Bitstamp has grown far past his preliminary imaginative and prescient since he based it years in the past. On the time, Bitcoin was buying and selling at only a few cents, and Kodrič managed to arrange the alternate in a storage with 1,000 euros, two laptops and a server. Now, Bitcoin (BTC) is buying and selling at $12,783, whereas Bitstamp is without doubt one of the world’s top crypto exchanges. Kodrič stated:

“After a lot thought, I’ve come to the conclusion that Bitstamp has already grown past what I envisioned it could develop into and it’s time for another person to increase this imaginative and prescient additional. […] Though we’ve grown exponentially, it nonetheless looks like Bitstamp is simply getting began.”

Sawyer has over 20 years of banking and fintech expertise. In Could 2015, Sawyer co-founded Starling Financial institution, the place he served as chief working officer till 2019. The exec additionally served as a advisor and advisor to different banks and based monetary administration consulting agency Bluerock Consulting.

At publishing time, Bitstamp is ranked the eighth-largest crypto alternate by every day buying and selling quantity, which is round $373 million, according to knowledge from CoinGecko. The alternate provides buying and selling providers for seven main cryptocurrencies, amongst them Bitcoin, Ether (ETH) and XRP.