Bitstamp Raising Funds for Asia, Europe Expansion: Bloomberg
Bitstamp is one of the oldest crypto exchanges, founded in 2011.
Aug 8, 2023 at 6:52 a.m. UTC:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/RDCXEGZK4FGGBPWNR6CDUTGDIU.jpg)
Bitstamp is reportedly in talks to raise funds for expansion. (Danny Nelson/CoinDesk)
/arc-photo-coindesk/arc2-prod/public/LXF2COBSKBCNHNRE3WTK2BZ7GE.png)
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.
Disclosure
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity.
:format(webp)/s3.amazonaws.com/arc-authors/coindesk/ff7c302f-d3ab-4905-92e1-2f7f5106d13c.png)
Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.