One of the well-established cryptocurrency exchanges, Bitstamp, is in discussions to raise new funds. The company initiated this fundraising attempt in late June, with Mike Novogratz’s Galaxy Digital Holdings serving as an advisor for the process, Bloomberg reported on Aug. 7.
The Luxembourg-based crypto exchange Bitstamp was established in 2011 and today it is the seventh-largest exchange globally, with around $126 million in trading volume, and NXMH, a European investment firm, acquired Bitstamp in 2018.
According to global chief executive officer, Jean-Baptisite Graftieaux, “Bitstamp is not for sale, and we are not actively looking to sell the company.”
He added, “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.”
To operate in New York state, Bitstamp has a license called BitLicense for the American Unit, Bitstamp USA.
Bitstamp is planning to launch derivatives trading in Europe in the coming year, an expansion in the Asian markets, and an enhancement of its operations in the United Kingdom.
Also Read: Bitstamp, Interactive Brokers Gain FCA Approval for UK Operations
