One of the oldest cryptocurrency exchanges, Bitstamp, registered with the French Financial Markets Authority. Thus, it followed other rivals, including Binance and Crypto.com, which have already gotten the green light from the watchdog.
Bitstamp previously received approval from other European countries, including Italy and Spain.
Enter the French market
France’s main monetary regulator, the Autorité des marchés financiers (AMF), aggregate Bitstamp to the list of authorized cryptocurrency platforms to offer products and services to local users. the signature highlighted the move on his Twitter page, saying he is “thrilled” to be expanding to the nation.
The Luxembourg-based company has obtained licenses in other European nations in recent months. He registered as a Virtual Asset Service Provider (VASP) in Italy in July 2022 and was authorized by Spanish regulators in November.
Other cryptocurrency platforms allowed to operate in France are Binance, bitpanda, and crypto.com. Binance’s registration in May of last year was the first in the Old Continent. Soon after, he was given the green light in many different regions, including Spain, Italy, Swedenand Poland.
The partnership with the immortals
Bitstamp joined forces with the American professional esports organization, Immortals, almost a year ago to serve as its official cryptocurrency exchange and founding partner. The main objective of the partners is to establish a bridge between the gaming industry and the digital asset sector. Bobby Zagotta, CEO of Bitstamp USA, stated:
“Our partnership with Immortals is an extension of our mission to empower our customers by creating a more authentic experience between cryptocurrency and gaming. The esports community is diverse, passionate, and very much in tune with the digital evolution. It is one of the first to explore the integration of digital assets within its industry.”
The three-year collaboration will also explore non-fungible token (NFT) integrations.
“This partnership will further enhance the Immortals fan experience with real, tangible benefits connecting the worlds of cryptocurrency and gaming,” added Jordan Sherman, CEO of Immortals.
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