Ripple (XRP) stated that the Bitstamp acquisition was made to expand the company’s global footprint and support its operational diversity.
Ripple president Monica Long made a statement to the press on May 25 about the acquisition of Bitstamp, Europe’s largest cryptocurrency exchange, which took place recently. Long, the company’s new to the fields of activity opening and operational of diversity boosting reported that this procedure was carried out.
of Ripple strong One balance sheet Mentioning that Long, outside the USA regions and different from payment services activity their fields to diversify stated that they are evaluating the opportunities. The company’s global leadership Claiming that he has maintained and consolidated his position, the president said that Bitsamp is a member of the crypto money industry. rooted He said that he is a reliable actor with a long history. Long is Bitstamp’s for Ripple valuable that they are a partner and that this agreement that you are excited also highlighted.
Long, in partnership coin transfer ramps and cryptocurrency custody services Integrate Ripple more with services such as practical worldwide to make outside of Bitstamp He also said that they are working with other exchanges.
Bitstamp CEO Jean-Baptiste Graftieaux of the two companies 2017 since has a partnership but this your new step from being thrown that they are happy stated.
The company’s Bitstamp investment in stocks, Recently Galaxy Digital’s first of 2023 about the quarter financial reports appeared at the time of the announcement.