Bitstamp raising funds for European derivatives, Asian expansion: Bloomberg
“Bitstamp is not for sale, and we are not actively looking to sell the company,” Graftieaux said, explaining: “Our current and exclusive priority is to raise money through strategic investors to accelerate Bitstamp’s growth by providing new products and services to retail and institutional crypto customers.”
The new funds will reportedly help launch derivatives trading — a desire of many crypto exchanges — in Europe in 2024, expand into more Asian markets and fundThe crypto exchange did not immediately respond to The Block's request for comment. Founded in 2011, Bitstamp is the world's longest-running crypto exchange. According to The Block's Data Dashboard, It maintains less than 7% of the overall market share for USD-supporting exchanges.
© 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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