Bitstamp, one of the former names of cryptocurrency exchanges, will attempt new funds to expand its operations.
Bitstamp, one of the long-running cryptocurrency exchanges, announced that it will raise a new fund, announcing that it is moving forward with its global expansion goals. Noting that Galaxy Digital has taken this step with its proposed fundraising services, the stock market stated that it has taken action under the leadership of the firm’s consultant Michael Novogratz.
Bitstamp CEO responded to the allegations
Bitstamp plans to use the raised capital to launch derivatives trading in Europe and expand its services in Asia in 2024. Also, the report states that Bitstamp is also looking to support its services in the UK. Although there are various explanations and information on the subject in the related report, some crypto communities looked at this situation negatively and made harsh comments.
Responding to the allegations, Bitstamp global CEO Jean-Baptiste Graftieaux emphasized that the company is focused solely on raising funds to benefit institutional crypto clients and expand services. Additionally, “Bitstamp is not for sale and we are not actively considering selling the company.” said.
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