Bitstamp, the oldest cryptocurrency exchange, has been trying to gather funds since June. These funds are intended for launching European derivatives in 2024 and expanding into Asian markets.
Bitstamp, a crypto exchange located in Luxembourg, is actively trying to get new money, as mentioned by its CEO, Jean-Baptiste Graftieaux.
Starting in June, the exchange in Luxembourg began asking for funds, and this was reported by Bloomberg with input from a representative. Galaxy Digital Holdings, which previously helped Pantera when it sold a part of its ownership in Bitstamp to Ripple, is now providing advice.
Jean-Baptiste Graftieaux emphasized that Bitstamp isn’t up for sale, and they’re not actively trying to sell the company. Instead, their main goal is to raise money from important investors. They want to speed up Bitstamp’s growth by introducing new things for regular people and big crypto investors.
The money they’re trying to get will be used to start a kind of trading called derivatives in Europe by 2024. They also want to grow in more parts of Asia and support their operations in the U.K. This is something many cryptocurrency exchanges want to do.
Bitstamp, which started back in 2011 and is based in the U.K., was one of the first places for people to trade cryptocurrencies.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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