Gold Finance reports that cryptocurrency exchange Bitstamp is seeking to expand its institutional business in Australia, continuing its growing influence in the Asia-Pacific region.

Bobby Zagotta, Bitstamp's Global Chief Commercial Officer, said at the Token 2049 conference in Singapore: "We see Asia as a great opportunity. Hong Kong and Singapore are our key markets, and our business in Australia is also growing. In 2024, we've identified Australia as a specific region we want to focus on."

Zagotta explained that, in terms of revenue, Asia currently accounts for 20% of its global business, while Europe accounts for approximately 65%.