Bitstamp - what is it and how does it work?

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What is Bitstamp?
Bitstamp is one of the oldest cryptocurrency exchanges that was established in 2011. Its founders are Slovenian Nejc Kodric and Damian Merlak. They dreamed of a stock exchange that would be able to compete with the then most popular Mt. Gox. As it turned out after 9 years, the Mt.Gox exchange has been gone for a long time and is hardly associated with people associated with cryptocurrencies, while Bitstamp is still functioning and doing even well. Going back to the beginnings, the headquarters of Bitstamp in 2013, after a short time of operation, was moved to London, three years later to Luxembourg, and then in 2018 the stock exchange was bought by NXMH. It is the European branch of the Korean company NXC investing in digital technologies. After the buyout, the president of the stock exchange, Nejc Kodric, retained 10% of shares, and Damian Merlak established a completely new stock exchange. The current seat of Bitstamp is again London.

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