Bitstamp: The First Licensed Bitcoin Exchange of Europe

Bitstamp: The First Licensed Bitcoin Exchange of Europe

Bitstamp has received a license from Luxembourg to operate as a payment institution, making it Europe’s first licensed bitcoin exchange. Could this extra legitimacy open up bitcoin as an asset class to an untapped customer base? In January 2015, Bitstamp suffered a hack which resulted in the loss of ~19,000 BTC (valued at around $5 Mn). The Company recovered quickly, supported by ample reserves in cold storage. Bitstamp added additional security measures, which included multi-signature wallets provided by BitGo and moving its servers to Amazon's AWS cloud infrastructure. These measures,....


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