European bitcoin exchange Bitstamp has embarked on an online investment campaign open to qualifying investors. This new investment round for the regulated venue began at BnkToTheFuture on 6 December 2016 and will close on 24 January 2017.
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Since starting out in 2011, the Luxembourg-based venue passed 1 million transactions in 2012 and handled $12 billion in volume. Bitstamp received its first major investment two years ago to the tune of $10 million in seed funding from venture capitalist Pantera Capital.
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Earlier this year Bitstamp was granted a license as a fully regulated Payment Institution. Now, it feels that after having spent heavily on obtaining its licence, the time has now come to press on. It says that the funds raised in this round of investment will be used to accelerate the development of further products in a fully compliant and regulated environment.
Bitstamp’s CEO, Nejc Kodric, commented: “As we launch Bitstamp’s investment campaign on BnkToTheFuture, we continue to lead the way among digital asset exchanges with our firm commitment to providing the oversight and reassurance that customers, investors and the financial industry need from a digital asset exchange. As the first and only Bitcoin exchange to be fully licensed in all 28 EU member states, we are aware of the key role we play in regulating this sector of the financial industry.
Digital assets aren’t on their way – they’re very much part of the here and now, and it has been a huge responsibility and privilege to be involved in setting up the regulatory framework for a better, transparent and more responsible financial industry.”