Galaxy

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Bitstamp is working on its new plan to go global. In June, the company started working with Galaxy Digital Holdings to seek funding. 
According to <a href="https://www.bloomberg.com/news/articles/2023-08-07/crypto-exchange-bitstamp-in-fundraising-talks-seeks-expansion" target="_blank" rel="noopener noreferrer nofollow">Bloomberg</a>, the crypto exchange plans to use the funding proceeds to become global by expanding its presence to the Asian nd UK markets. Bitstamp is also planning to launch derivatives trading in Europe. 
Jean-Baptiste Graftieaux, global chief executive officer of the company, told Bloomberg that the company won’t be sold. He emphasized the company’s focus on finding new investors. 
<blockquote class="wp-block-quote"> 
 “Our current and exclusive priority is to raise money through strategic investors to accelerate Bitstamp’s growth by providing new products and services to retail and institutional crypto customers.” <cite>Jean-Baptiste Graftieaux, global CEO at Bitstamp</cite> 
</blockquote> 
In early 2023, Ripple <a href="https://crypto.news/ripple-buys-pantera-capitals-minority-share-in-bitstamp/" data-type="URL" data-id="https://crypto.news/ripple-buys-pantera-capitals-minority-share-in-bitstamp/" rel="noopener noreferrer nofollow">acquired</a> a minority stake in the cryptocurrency exchange. In this transaction, Novogratz’s Galaxy acted as an advisor. 
The company was founded in 2011 in Slovenia by Nejc Kodrič and Damijan Merlak. The exchange is currently the world’s longest-running cryptocurrency exchange. 
<a href="https://crypto.news/uk-grants-bitstamp-official-authorization-to-operate-as-cryptocurrency-exchange/" rel="noopener noreferrer nofollow">Bitstamp</a> currently stands as the world’s seventh-largest exchange, with a trading volume of $154 million in a 24-hour period, according to CoinMarketCap. 
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 <img decoding="async" width="2818" height="1240" src="https://crypto.news/app/uploads/2023/08/Screenshot-2023-08-08-at-17.43.42.png" alt="Major crypto exchanges per trading volume | Source: CoinMarketCap" class="wp-image-14183962"> 
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 Major crypto exchanges per trading volume | Source: CoinMarketCap 
 </figcaption> 
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In 2018, the company was acquired by NXMH, an investment company owned by South Korean conglomerate NXC. 
 Read more: <a href="https://crypto.news/uk-grants-bitstamp-official-authorization-to-operate-as-cryptocurrency-exchange/" rel="noopener noreferrer nofollow"> UK grants Bitstamp official authorization to operate as cryptocurrency exchange </a>

Bitstamp seeks new funds to go global

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