Bitstamp is in the process of raising a round to expand the number of markets it serves around the world, according to a report from Bloomberg.
“Bitstamp is not for sale, and we are not actively looking to sell the company,” Jean-Baptiste Graftieaux, its CEO, said in a statement to Bloomberg. “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.
Galaxy Digital Holdings is said to be an adviser in the round. Bitstamp will use the funds raised to launch a licensed derivatives trading operation in Europe and expand in more markets in Asia.
Bitstamp is based in the U.K and was one of the first crypto exchanges, founded in 2011.
A Bitstamp spokesperson did not immediately respond to a request for comment.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.