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:
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.
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