Bitstamp Ltd Smashes Funding Target
Over USD 2.3 Million Raised, More Than Doubling Bitstamp’s Funding Goal
LUXEMBOURG (26 January 2017) – Today Bitstamp, one of the longest-standing digital currency exchanges and the leading Europe-based digital currency exchange concluded its first ever online investment round on BnkToTheFuture. The USD 2,382,161 invested exceeded Bitstamp’s funding target by 98%, and was just under 4 times the minimum required investment of USD 600,000.
The funds raised will be used to speed up Bitstamp’s product development and rollout process, which has already started bearing fruit. XRP trading (paired with USD and EUR) was launched last week and the daily and monthly limits for bitcoin credit card purchases have now been increased, giving Bitstamp customers even more purchasing options. Along with Bitstamp’s ongoing efforts to bring digital assets closer to institutional clients, these represent just the first of several exciting product launches and add-ons the exchange has scheduled for this year.
With over 441 investors, Bitstamp’s funding round caught the imagination of vast swathes of the digital asset world. “We are honoured to be in our sixth year serving our community,” stated Bitstamp’s CEO, Nejc Kodrič. “And we are very grateful for the high levels of interest shown in investing in our exchange.” On the success of Bitstamp’s investment round, Simon Dixon, CEO of BnkToTheFuture confirmed, “It has been one of the most successful in BnkToTheFuture’s history. And it is clear that this appetite for investing in digital asset companies, as demonstrated by Bitstamp’s success today, is being fuelled by the increased trust placed in digital assets globally.”
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About Bitstamp:
Founded in 2011, European-based Bitstamp is a leading global digital currency exchange. Currently servicing exchange that offers trading for BTC and XRP with USD and EUR, a series of other exciting products and add-ons are scheduled for launch this year. Backed to the tune of USD 10 million by the blockchain venture capital firm, Pantera Capital, the exchange also has a strong grassroots following among the world’s bitcoin, digital asset and fintech communities. Pioneers in the industry, Bitstamp has consistently led the way on several key security and regulatory decisions, including being the first digital currency exchange to implement the high security multi-sig wallet and the first to implement AML and KYC protocols. For more information, please visit www.bitstamp.net.
About BnkToTheFuture:
BnkToTheFuture is a global online investment platform that allows qualifying investors to invest in the future of finance and technology. BnkToTheFuture has hosted funding rounds resulting in over USD 125m worth of investments from qualified investors including Bitstamp, BitPesa, Uphold, ShapeShift and many others. They now host the largest global community of qualified investors investing online in FinTech, Bitcoin, Blockchain and Technology companies.
Media Contact:
kaja.ribnikar@bitstamp.net
LUXEMBOURG (26 January 2017) – Today Bitstamp, one of the longest-standing digital currency exchanges and the leading Europe-based digital currency exchange concluded its first ever online investment round on BnkToTheFuture. The USD 2,382,161 invested exceeded Bitstamp’s funding target by 98%, and was just under 4 times the minimum required investment of USD 600,000.
The funds raised will be used to speed up Bitstamp’s product development and rollout process, which has already started bearing fruit. XRP trading (paired with USD and EUR) was launched last week and the daily and monthly limits for bitcoin credit card purchases have now been increased, giving Bitstamp customers even more purchasing options. Along with Bitstamp’s ongoing efforts to bring digital assets closer to institutional clients, these represent just the first of several exciting product launches and add-ons the exchange has scheduled for this year.
With over 441 investors, Bitstamp’s funding round caught the imagination of vast swathes of the digital asset world. “We are honoured to be in our sixth year serving our community,” stated Bitstamp’s CEO, Nejc Kodrič. “And we are very grateful for the high levels of interest shown in investing in our exchange.” On the success of Bitstamp’s investment round, Simon Dixon, CEO of BnkToTheFuture confirmed, “It has been one of the most successful in BnkToTheFuture’s history. And it is clear that this appetite for investing in digital asset companies, as demonstrated by Bitstamp’s success today, is being fuelled by the increased trust placed in digital assets globally.”
# # #
About Bitstamp:
Founded in 2011, European-based Bitstamp is a leading global digital currency exchange. Currently servicing exchange that offers trading for BTC and XRP with USD and EUR, a series of other exciting products and add-ons are scheduled for launch this year. Backed to the tune of USD 10 million by the blockchain venture capital firm, Pantera Capital, the exchange also has a strong grassroots following among the world’s bitcoin, digital asset and fintech communities. Pioneers in the industry, Bitstamp has consistently led the way on several key security and regulatory decisions, including being the first digital currency exchange to implement the high security multi-sig wallet and the first to implement AML and KYC protocols. For more information, please visit www.bitstamp.net.
About BnkToTheFuture:
BnkToTheFuture is a global online investment platform that allows qualifying investors to invest in the future of finance and technology. BnkToTheFuture has hosted funding rounds resulting in over USD 125m worth of investments from qualified investors including Bitstamp, BitPesa, Uphold, ShapeShift and many others. They now host the largest global community of qualified investors investing online in FinTech, Bitcoin, Blockchain and Technology companies.
Media Contact:
kaja.ribnikar@bitstamp.net