Bitstamp – the world’s longest-running cryptocurrency exchange – is currently engaged in discussions to secure new capital to ramp up its operations. The revelation was made by Jean-Baptiste Graftieaux, Bitstamp’s global chief executive officer.
Besides focusing on raising capital to expand the services to retail and institutional crypto clients, Bitstamp also plans on diving into the derivatives space.
Bitstamp Fundraise
The fundraising process was initiated in late June, with Michael Novogratz’s Galaxy Digital Holdings acting as an adviser. Bitstamp plans to deploy the funds for operations such as rolling out derivatives trading in Europe next year. The crypto exchange will also focus on expanding its operation across several markets in Asia, as well as in the UK.
Graftieaux was quoted saying,
“Bitstamp is not for sale, and we are not actively looking to sell the company. Our current and exclusive priority is to raise money through strategic investors to accelerate Bitst
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