Is Bitstamp a formal exchange? What is the ranking of Bitstamp exchange?

Bitstamp is the 24th largest cryptocurrency exchange, regulated by CSSF, FinCEN and EU regulators and compliant with AML/CTF regulations. Founded in 2011, it offers trading in cryptocurrencies such as Bitcoin, uses cold storage to protect funds, and employs security measures such as MFA and regular security audits.

Bitstamp is a legitimate exchange

Ranking

According to data from CoinMarketCap, as of February 14, 2023, Bitstamp ranked 24th among cryptocurrency exchanges.

Formality

Bitstamp complies with the following regulatory standards:

• Regulated by the Luxembourg Commission Financial Supervisory Authority (CSSF) and obtained a digital asset exchange license.
• Obtain FinCEN’s money services business license in the United States.
• Holds an electronic money institution license in the EU.
• Comply with Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) regulations.

Operations

• Founded in 2011, Bitstamp is one of the most established names in cryptocurrency exchanges.
• Headquarters are located in Luxembourg with offices around the world.
• Providing trading in Bitcoin, Ethereum, Litecoin and other cryptocurrencies.
• Supports fiat and cryptocurrency pairs.
• Provides an advanced trading platform with multiple order types and advanced charting tools.

Security

• Use cold storage technology to protect customer funds and store 98% of digital assets offline.
• Using multi-factor authentication (MFA) and other security measures to protect user accounts.
• Conduct regular security audits and cooperate with external security companies.

Conclusion

Bitstamp is a formal and long-established cryptocurrency exchange that provides a safe and reliable trading platform. It is regulated by multiple regulatory agencies and is known for its high security standards.

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