– Bitstamp is actively seeking fresh funding
– The crypto exchange started fundraising in June
– Galaxy Digital Holdings is acting as an advisor
– Bitstamp is not for sale and not actively looking to sell the company
– The priority is to raise money through strategic investors
– The funds will help launch derivatives trading in Europe in 2024
– Expansion into more Asian markets and funding operations in the UK is planned
– Bitstamp maintains less than 7% of the overall market share for USD-supporting exchanges.
Bitstamp, a crypto exchange based in Luxembourg, is actively seeking new funding to accelerate its growth. The company started fundraising in June and has reportedly enlisted the help of advisory firm Galaxy Digital Holdings. Bitstamp’s CEO, Jean-Baptiste Graftieaux, clarified that the company is not up for sale but is looking for strategic investors to provide funds for expanding into new markets, launching derivatives trading in Europe by 2024, and supporting operations in the UK. Bitstamp, founded in 2011, is the oldest-running crypto exchange but holds less than 7% of the overall market share for USD-supporting exchanges.
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