Cryptocurrency exchange Bitstamp has announced that it is in talks to partner with three European banks, which will allow them to offer cryptocurrency services to their clients as early as the first quarter of 2024.
This news was shared by Bitstamp's Global Chief Commercial Officer, Robert Zagotta, during an interview with CoinDesk. In addition, he said that this has been facilitated by the European Union's new Markets in Crypto Assets (MiCA) rules, which make it much easier for traditional financial firms to access digital assets.
Zagotta said Bitstamp has seen a lot of interest in Europe following the launch of its new Bitstamp-as-a-Service offering, a combination of licensing and white-label technologies designed to help banks and fintech companies launch cryptocurrency buying and selling services.
"In the last six to nine months, we've had quite an increase in inbound inquiries about this offering from large European banks. We are in advanced conversations with three such banks, household-name banks in Europe. I think first quarter-ish we will be able to announce," said Bitstamp's Global CCO.
It should be noted that Bitstamp is not disclosing the names of the European banks it is negotiating with.
However, Zagotta believes that Bitstamp's hands-off approach to regulation and governance has helped the exchange successfully navigate the crisis in the cryptocurrency market that emerged after the collapse of FTX.
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