Following the resignation of Julian Sawyer, Bitstamp, one of the world’s oldest crypto exchanges, has named Jean-Baptiste (JB) Graftieaux as its new worldwide CEO.

Specifically, Bitstamp said Sawyer, who took over as CEO of the crypto exchange in October 2020, “has opted to seek other possibilities” in a Monday release. Graftieaux assumed the role on May 7 after serving as the CEO of Bitstamp Europe from May 2021.

Graftieaux, who joined Bitstamp in November 2014 as chief compliance officer after five years at PayPal, has 20 years of expertise in “crypto, payments, and financial sectors,” according to the exchange.

Bitstamp’s board of directors chair Nicolas Huss reportedly said that “JB was with Bitstamp in its early days, and has admirably led our European business over the past year.

He added: “We’re pleased to welcome a CEO with such an impressive track record, and very much look forward to the contribution and perspective he will bring to the company in his new role.”

Graftieaux will be Bitstamp’s third global CEO, after the resignation of Sawyer, who succeeded exchange co-founder Nejc Kodrič.

Sawyer’s LinkedIn page at the time of publishing listed him as an honorary senior visiting fellow at City, University of London and a board adviser for neobank Volt, although it’s unclear if he’ll stay in the digital asset market.

Bitstamp is reportedly ranked 11th among crypto exchanges, with a daily trading volume of more than $322 million.

In April, the exchange demanded that its customers update their profiles in order to identify the source of cryptocurrencies held on the site, as required by legislation.