Bitstamp Collects $1.3 Million As Funding Campaign Continues
Bitcoin exchange Bitstamp’s funding campaign has netted more than $1.3m in capital to date – but it's not over yet.
Bitcoin exchange Bitstamp's ongoing funding campaign has already netted more than $1.3m in capital, exceeding its goal weeks before the effort is scheduled to end.
Bitstamp has another 21 days of its campaign on the BnkToTheFuture platform. The exchange is selling shares totalling 2% of total equity.
At press time, Bitstamp had raised $1,365,240 out of a planned $1.2m, drawing from 258 backers.
Co-founder and CEO Nejc Kodrič said the funding will go towards expanding into new markets, as well as offering new services to the existing trading platform.
He told CoinDesk:
The funding success is a far cry from two years ago, when Bitstamp revealed that it had lost $5m in a phishing attack.
Bitstamp is the seventh-largest exchange by 30-day trading volume, according to data provider Bitcoinity.
Kodrič said that the funding success validates the exchange’s approach and puts it on a path to continued growth.
“We are extremely grateful for the success of our BnkToTheFuture campaign and remain thankful to every investor or client, whether it be new or old, for believing in Bitstamp and seeing our potential,” he said.
Image via Shutterstock
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