Bitstamp Seeking Fresh Funding to Accelerate Growth
Bitstamp, the Luxembourg-based crypto exchange, is actively seeking new funding to accelerate its growth and provide new products and services to crypto customers. Here are the key points:
– Bitstamp started fundraising in June and is not currently for sale.
– The focus is on raising money through strategic investors to support the exchange’s expansion plans.
– The funds will be used to launch derivatives trading in Europe in 2024.
– Bitstamp also aims to expand into more Asian markets and fund operations in the U.K.
– Galaxy Digital Holdings is reportedly acting as an adviser for the fundraising.
As the world’s longest-running crypto exchange, Bitstamp currently holds less than 7% of the market share for USD-supporting exchanges.
Hot Take: Bitstamp’s Growth Ambitions
Bitstamp’s decision to seek fresh funding demonstrates its ambitions to expand and offer new services to its crypto customers. By focusing on strategic investors, the exchange aims to secure the necessary resources to launch derivatives trading in Europe, explore new markets in Asia, and support operations in the U.K. This move highlights Bitstamp’s commitment to growth and innovation in the competitive crypto industry.
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