Bitstamp Taps Galaxy Digital To Raise Funds For Expansion Efforts In Europe, Asia
Portfolio Pulse from Murtuza Merchant
Crypto exchange Bitstamp is seeking additional funding to expand its operations in Europe and Asia, with advisory services provided by Galaxy Digital Holdings. The funds will be used to introduce derivatives trading in Europe and increase market presence in Asia. Bitstamp's American division, Bitstamp USA, has seen an increase in its market share in the U.S. this year. Coinbase Global Inc. and Gemini have also launched offshore derivatives exchanges this year.
August 08, 2023 | 2:47 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Galaxy Digital Holdings is providing advisory services to Bitstamp for its funding initiative.
Galaxy Digital's involvement in Bitstamp's funding initiative could potentially increase its visibility and reputation in the crypto market.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Coinbase Global Inc. has launched an offshore derivatives exchange this year.
The launch of an offshore derivatives exchange by Coinbase Global Inc. indicates its expansion in the crypto market, which could potentially attract more investors.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 60