Renowned cryptocurrency exchange Bitstamp has launched a new mobile application. The exchange unveiled the new application on Tuesday through a post on its blog.
In the post, Bitstamp provided details about some core features of the new software, citing the reason for the upgrade. Furthermore, the exchange described how the Bitstamp app allows users to manage their cryptocurrencies according to their convenience.
More so, the new application according to the announcement comes in two modes tailored to suit the two major categories of traders; experts and new beginners. As revealed, the modes are; pro and basic.
The pro mode as per Bitstamp is designed to suit the trading demands of experts and it comes with advanced tools. On the flip side, the basic mode is crafted to suit the simple process of buying and selling virtual assets for early beginners.
Meanwhile, the availability of the seamless option to switch between the pro and basic modes without leaving the platform surfaced due to the merging of two applications; Bitstamp Pro and Bitstamp. By that, the exchange intends to allow flexibility and provide users with a good trading experience.
In the statement, the cryptocurrency exchange revealed that users of both old applications only need to update their app to migrate to the new platform. It is worth mentioning that Bitstamp is one of the longest-serving cryptocurrency exchanges around today.
Side Note On Bitstamp
The exchange made its market debut in 2011 following its launching by Nejc KodriÄ and Damijan Merlak in Slovenia. Initially, Bitstamp launched as a Bitcoin trading platform to serve as an alternative to Mt.Gox.
In 2018, Bitstamp experienced a takeover after NXMH, a Brussels-based holding company with more than $2.3 billion of assets under management, bought about 80% of the firm’s shares. Meanwhile, NXMH runs a business strategy that focuses on long-term private equity investments in leading European companies.
As a result of this policy, NXMH mostly targets firms with strong potential for international expansion. Today, the exchange has its headquarters in the United Kingdom and it is also registered in Luxembourg.
The platform is operating in more than 100 countries with about 4 million customers across the globe. According to Coinmarketcap, Bitstamp is presently listed as the 16th largest cryptocurrency exchange by trading volume.