Neobank
Ensuring safe Bitcoin investments
Globally trusted since 2013
Key Outcomes
Since Bitstack selected BitGo as their regulated qualified custodian, notable achievements include:
Accelerated Product Development
By leveraging BitGo’s secure infrastructure foundation, Bitstack was able to scale [their] platform to now serve millions of customers with a strong compliance and security posture.”
Increased Trust and Confidence with Users
Bitstack’s customers have the reassurance knowing their bitcoin is safeguarded by a regulated custodian with up to $250M in insurance coverage as well as multi-signature technology and advanced access controls.
Proactively Addressed Complex and Shifting Global Regulatory Obligations
BitGo’s global presence and its status as a regulated entity in multiple countries, including the USA, Denmark, and Switzerland, enable Bitstack to effectively meet complex compliance requirements, particularly those related to crypto asset regulations in the European market.
The challenge
Bitstamp, a pioneer in the cryptocurrency exchange market, has built its reputation on a foundation of regulatory compliance, tight governance, and robust technology. Bobby Zagotta, CEO of Bitstamp USA, Inc, and Global Chief Commercial Officer for Bitstamp, articulates the company’s focus: “Our challenge is to also innovate in ways that make [cryptocurrency] more accessible, more understandable, easier to participate in.” This commitment to innovation and accessibility is evident in Bitstamp’s core spot exchange offering which bridges the worlds of traditional finance and crypto by leveraging Nasdaq trading technology. The result is a platform that boasts high uptime and low latency while still prioritizing safety and security.
To achieve this level of security, Bitstack turned to a trusted partner. Registered as a digital asset service provider with Frances Financial Markets Authority and recognized as one of the most secure and trusted crypto native banks for bitcoin, Bitstack sought a best in class qualified custodian with a proven history of delivering the highest level of security in the digital industry. This is why Bitstack chose BitGo as their strategic, trusted qualified custodian partner to ensure their clients bitcoin is held with the utmost compliance and security.
A future built on a foundation of security and compliance
As Bitstack looks ahead to more innovative launches, such as offering a Visa debit card that allows users to spend assets anywhere while earning bitcoin on everyday purchases, security remains more important than ever.
With BitGo as a trusted partner, Alexandre shares that customers have peace of mind knowing their bitcoin is held with the custodian that offers the highest level of compliance and security in the industry.
As one of the fastest growing bitcoin companies in Europe, BitGo has been pivotal in allowing us to build a compliant custody solution for our growing user base. We are now operating a fully MiCAR compliant custody infrastructure with BitGo at its core.
Download the full case study