TechFlow News — Bitstamp spokesperson said the cryptocurrency exchange initiated a fundraising process at the end of June, with the specific amount undisclosed. Galaxy Digital Holdings is serving as advisor. The funds are planned to support operations, including launching derivatives trading in Europe next year, expanding the number of markets served in Asia, and growing its business in the UK.
Jean-Baptiste Graftieaux, CEO of Bitstamp Global, stated: "Bitstamp is not for sale, and we are not actively seeking to sell the company. Our current priority is raising capital from strategic investors to accelerate Bitstamp's growth by delivering new products and services to retail and institutional cryptocurrency customers."
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