Bitstamp, one of the leading Bitcoin exchange platforms, has announced a new partnership with Canadian compliance and risk management startup Vogogo. Through the collaboration, Bitstamp is looking to extend its global footprint with a particular focus on the North American market.
The integration will provide Bitstamp with Vogogo's property compliance, risk management and payment processing platform, the companies said in a release.
Commenting on the new collaboration, Nejc Kodric, co-founder and CEO at Bitstamp, said:
"[Vogogo allows] us to reach more customers while also giving all of our customers the ability to explore a revolutionary new technology in a safe and compliant manner."
The two entities are working on various international initiatives, the latest one being Bitstamp's expansion into the American and Canadian markets.
Geoff Gordon, CEO at Vogogo, said his team is honored to be working with Bitstamp, which he described as "a world renowned crypto exchange and an industry leader."
"We will continue to provide safe and compliant access to global banking and payment networks allowing Bitstamp to focus on being the very best at their business and a continued leader in the crypto industry."
Bitstamp, a leading European Bitcoin exchange for BTC/USD pair trading, has started the year with some unfavorable news. On January 5, the company suffered a hack that resulted in the loss of slightly less than 19,000 BTC. The exchange eventually re-opened a few days later, announcing new security features provided BitGo.
As if a hot wallet compromise wasn't enough, it was unveiled earlier this week that a bug in BitGo's security platform has caused Bitstamp's transaction data to be identifiable on the blockchain.
Meanwhile, the startup appears to be determined to conquer the American continent, a trip which nonetheless is not without its difficulties.
Cointelegraph reached out to Bitstamp for comments, but had not received a response at the time of publishing.