Crypto Exchange Bitstamp is Raising Money to Launch Derivatives in Europe in 2024

Bitstamp is actively pursuing additional funding, as revealed by its global CEO, Jean-Baptiste Graftieaux.

The fundraising efforts commenced in June, as confirmed by a spokesperson cited by Bloomberg. Galaxy Digital Holdings, known for advising Pantera during the sale of its minority stake in Bitstamp to Ripple, is reportedly providing advisory services.

Graftieaux clarified that Bitstamp is not on the market for sale and is not actively seeking to sell the company. He emphasized that the primary focus at present is to secure capital from strategic investors to expedite Bitstamp’s growth.

The aim is to introduce novel products and services for both retail and institutional customers within the crypto sphere.

The forthcoming funds are earmarked for launching derivatives trading in Europe by 2024, a goal shared by numerous crypto exchanges.

Bitstamp also plans to broaden its presence in Asian markets and allocate resources for operations in the United Kingdom.