Bitstamp (one of the oldest cryptocurrency exchanges) has appointed Jean-Baptiste Graftieaux to its position as global CEO. This follows the resignation of Julian Sawyer.

Bitstamp announced Monday that it would be launching a new product. Sawyer, who first became CEO of the crypto exchange in October 2020, “has decided to pursue other opportunities.” Graftieaux took over the position on May 7, having been the Bitstamp Europe CEO since May 2021. According to the exchange, Graftieaux has 20 years of experience in “crypto, payments, and financial sectors,” having first joined Bitstamp in November 2014 as the firm’s chief compliance officer following five years at PayPal (NASDAQ:).