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Binance Under British Regulatory Pressure, Bitstamp And Other Competitors Take The Opportunity To Overtake

Mary Liu

Summary: According to CNBC, since the Financial Conduct Authority (FCA) warned Binance Markets Limited not to operate in the UK on June 25, the number of customers of Bitstamp, Binance's rival and Luxembourg-based crypto exchange, has increased by 138%.  Julian Sawyer, CEO of Bitstamp, said that they are seeing more and more customers in the UK, ...

According to CNBC, since the Financial Conduct Authority (FCA) warned Binance Markets Limited not to operate in the UK on June 25, the number of customers of Bitstamp, Binance's rival and Luxembourg-based crypto exchange, has increased by 138%. 

Julian Sawyer, CEO of Bitstamp, said that they are seeing more and more customers in the UK, while its marketing strategy has not changed. 

According to the report, Kraken and Gemini are also gaining new customers. A Kraken spokesperson said that the new registered UK users "approximately doubled."

By Mary Liu

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