Bitstamp Seeks Funds To Expand Across Asia & Europe: Bloomberg

One of the first cryptocurrency exchanges, Bitstamp, was established in 2011.

According to Jean-Baptiste Graftieaux, Bitstamp’s global chief executive officer, the company is actively seeking new capital.

As per a spokesperson from Bloomberg, the Luxembourg cryptocurrency exchange initiated its fundraising efforts in June.

According to reports, Galaxy Digital Holdings, which advised Pantera when it sold its minority investment in Bitstamp to Ripple, is a consultant.

“Bitstamp is not for sale, and we are not actively looking to sell the company,” Graftieaux said, explaining: “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.” 

According to reports, the new funds will support the establishment of derivatives trading in Europe in 2024 and expand operations into other Asian markets and the United Kingdom.

The world’s oldest cryptocurrency exchange is Bitstamp, established in 2011. It keeps fewer than 7% of the market share for exchanges that support the USD.