One of the
oldest cryptocurrency exchanges, Bitstamp, plans to rebuild its position and seeks
new investors. The information was confirmed by its CEO, Jean-Baptiste
Graftieaux, who revealed that the funds would be used to launch derivatives trading in Europe and expand operations in the UK and Asian markets.
In a
conversation with Bloomberg, Graftieaux denied that the platform, which has
been operating for over 12 years, is looking for a buyer. The company is not
for sale, and its management aims to gather additional funding by attracting a
strategic investor. This would accelerate its current growth and introduce new
products and services to an expanding base of institutional and retail
customers. Fundraising began two months ago, with Galaxy Digital Holdings
participating as an advisor.
It is worth
noting that the European-based Bitstamp was once one of the largest
cryptocurrency exchanges, competing with the now-defunct Mt. Gox. Since then,
the significance of the exchange has diminished, but it still ranks among the
top ten cryptocurrency entities in terms of volume. In the last 24 hours,
turnover on the platform exceeded $133 million. For comparison, the turnover on
the top-ranking exchange, Binance, was nearly $7 billion, and on Coinbase,…
