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Finance

Bitstamp Raising Funds for Asia, Europe Expansion: Bloomberg

Bitstamp is one of the oldest crypto exchanges, founded in 2011.

By Sam Reynolds
AccessTimeIconAug 8, 2023 at 6:52 a.m. UTC
Updated Apr 9, 2024 at 11:13 p.m. UTC
Bitstamp is reportedly in talks to raise funds for expansion. (Danny Nelson/CoinDesk)
Bitstamp is reportedly in talks to raise funds for expansion. (Danny Nelson/CoinDesk)

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.

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    • 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.

    Edited by Parikshit Mishra.

    Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies 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 with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

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