Crypto Exchange Bitstamp In Talks to Raise Funds for Expansion, CEO Says
- Plans to launch derivatives trading in Europe early next year
- Proceeds will also go toward expansion in Asia and the U.K.
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Bitstamp, one of the oldest crypto exchanges, is in talks to raise fresh funding, according to Jean-Baptiste Graftieaux, global chief executive officer of the platform.
Bitstamp started the fundraising process in late June, with Galaxy Digital Holdings acting as an adviser, according to a spokesperson. The exchange plans to use the funds for operations, including launching derivatives trading in Europe next year and expanding the number of markets it serves in Asia, as well its operations in the U.K., the spokesperson said.