Crypto Exchange Bitstamp Raises More Funds for Expansion
Jean-Baptiste Graftieaux, Bitstamp ’s global chief executive officer said that they started the fundraising process in late June under the guidance of Mike Novogratz’s Galaxy Digital Holdings. The exchange plans to use the funds to expand its services in Europe and Asia. advertisement Bitstamp is planning to launch crypto derivatives trading in Europe next year while expanding in several other markets in Asia. Besides, it also plans to increase its operations in the U.K. Speaking on the development, Graftieaux said: “ Bitstamp is not for sale, and we are not actively looking to sell the company. 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.” Previously, Galaxy Digital has also served as an adviser to Pantera Capital. Earlier this year, Pantera sold its minority stake to Ripple. ...