{"id":7494,"date":"2021-08-09T23:56:31","date_gmt":"2021-08-09T22:56:31","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=7494"},"modified":"2021-08-09T23:56:39","modified_gmt":"2021-08-09T22:56:39","slug":"blocktrade-a-digital-asset-exchange-completes-a-25-million-funding-round","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/blocktrade-a-digital-asset-exchange-completes-a-25-million-funding-round\/","title":{"rendered":"Blocktrade, a digital asset exchange, completes a $25 million funding round"},"content":{"rendered":"\n
Earlier this year, Blocktrade completed a successful initial public offering (IPO), garnering support from over 6,000 European investors.<\/h5>\n\n\n\n
\"Blocktrade,<\/figure><\/div>\n\n\n\n

With\u00a0the\u00a0acquisition\u00a0of\u00a0Blocktrade\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>,\u00a0the\u00a0Luxembourg-based\u00a0cryptocurrency\u00a0exchange\u00a0has\u00a0become\u00a0the\u00a0third\u00a0cryptocurrency\u00a0<\/a>exchange\u00a0to\u00a0receive\u00a0significant\u00a0funding\u00a0from\u00a0venture\u00a0capitalists,\u00a0providing\u00a0more\u00a0evidence\u00a0that\u00a0digital\u00a0asset\u00a0firms\u00a0are\u00a0becoming\u00a0a\u00a0popular\u00a0target\u00a0for\u00a0investment\u00a0funds.<\/p>\n\n\n\n

In the Series A round, which raised $25.7 million, or 22 million euros, Blocktrade stated early Tuesday in Europe that private investors from 33 nations had taken part in the deal. The names of the investors were withheld.<\/p>\n\n\n\n

Specifically, Blocktrade stated that the investment will be used to improve internal operations, particularly in the areas of security, fiat onramps, and market-making. In addition, the company stated that it would devote additional efforts to expanding its prospective user base as well as pursuing new business alliances.<\/p>\n\n\n\n

According to Bernhard Blaha, who was appointed CEO of Blocktrade in late 2020, the company is more than simply a traditional cryptocurrency exchange. “We are building a complete ecosystem around digital assets, which provides our users with much more than just access to trading tools,” he stated.<\/p>\n\n\n\n

Founded in 2018, Blocktrade was bought by Cryptix AG, a Swiss venture capital firm that specialises in digital payments, in late 2018. Blocktrade, under the guidance of Cryptix, completed a securities offering in early 2021, garnering investments from more than 6,000 individuals from around the European continent.<\/p>\n\n\n\n

Millions\u00a0of\u00a0dollars\u00a0in\u00a0funding\u00a0has\u00a0been\u00a0invested\u00a0in\u00a0cryptocurrency-focused\u00a0firms\u00a0so\u00a0far\u00a0this\u00a0year,\u00a0demonstrating\u00a0the\u00a0growing\u00a0interest\u00a0in\u00a0blockchain\u00a0<\/a>technology\u00a0and\u00a0cryptocurrencies\u00a0among\u00a0venture\u00a0capitalists\u00a0and\u00a0other\u00a0private\u00a0investors.\u00a0Exchanges\u00a0have\u00a0been\u00a0at\u00a0the\u00a0forefront\u00a0of\u00a0the\u00a0investment\u00a0craze,\u00a0with\u00a0the\u00a0likes\u00a0of\u00a0Mercado\u00a0Bitcoin,\u00a0Bitso<\/a>,\u00a0FTX,\u00a0and\u00a0Pintu\u00a0generating\u00a0roughly\u00a0$1.4\u00a0billion\u00a0in\u00a0funding\u00a0over\u00a0the\u00a0course\u00a0of\u00a0the\u00a0past\u00a0several\u00a0months.<\/p>\n\n\n\n

These companies were formed in the wake of Coinbase's enormous initial public offering (IPO) in April, which further elevated digital currency trading into the general consciousness.<\/p>\n\n\n\n

Cryptocurrency\u00a0trading\u00a0is\u00a0expected\u00a0to\u00a0pick\u00a0up\u00a0steam\u00a0now\u00a0that\u00a0more\u00a0investors\u00a0have\u00a0received\u00a0confirmation\u00a0of\u00a0a\u00a0two-pronged\u00a0bull\u00a0market\u00a0for\u00a0Bitcoin\u00a0(BTC)\u00a0and\u00a0other\u00a0assets.\u00a0According\u00a0to\u00a0reports,\u00a0politicians\u00a0in\u00a0the\u00a0United\u00a0States\u00a0are\u00a0planning\u00a0to\u00a0offer\u00a0fresh\u00a0crypto-focused\u00a0changes\u00a0to\u00a0the\u00a0infrastructure\u00a0bill,\u00a0which\u00a0is\u00a0expected\u00a0to\u00a0push\u00a0the\u00a0Bitcoin\u00a0<\/a>price\u00a0beyond\u00a0$46,000\u00a0on\u00a0Monday.<\/p>\n","protected":false},"excerpt":{"rendered":"

Earlier this year, Blocktrade completed a successful initial public offering (IPO), garnering support from over 6,000 European investors. With\u00a0the\u00a0acquisition\u00a0of\u00a0Blocktrade ,\u00a0the\u00a0Luxembourg-based\u00a0cryptocurrency\u00a0exchange\u00a0has\u00a0become\u00a0the\u00a0third\u00a0cryptocurrency\u00a0exchange\u00a0to\u00a0receive\u00a0significant\u00a0funding\u00a0from\u00a0venture\u00a0capitalists,\u00a0providing\u00a0more\u00a0evidence\u00a0that\u00a0digital\u00a0asset\u00a0firms\u00a0are\u00a0becoming\u00a0a\u00a0popular\u00a0target\u00a0for\u00a0investment\u00a0funds. In the Series A round, which raised $25.7 million, or 22 million euros, Blocktrade stated early Tuesday in Europe that private investors from 33 nations had taken part in the deal. The names of the investors were withheld. Specifically, Blocktrade stated that the investment will be used to improve internal operations, particularly in the areas of security, fiat onramps, and market-making. In addition, the company stated that it would devote additional efforts to expanding its prospective user base as well as pursuing new business alliances. According to Bernhard Blaha, who was appointed CEO of Blocktrade in late 2020, the company is more than simply a traditional cryptocurrency exchange. “We are building a complete ecosystem around digital assets, which provides our users with much more than just access to trading tools,” he stated. Founded in 2018, Blocktrade was bought by Cryptix AG, a Swiss venture capital firm that specialises in digital payments, in late 2018. Blocktrade, under the guidance of Cryptix, completed a securities offering in early 2021, garnering investments from more than 6,000 individuals from around the European continent. Millions\u00a0of\u00a0dollars\u00a0in\u00a0funding\u00a0has\u00a0been\u00a0invested\u00a0in\u00a0cryptocurrency-focused\u00a0firms\u00a0so\u00a0far\u00a0this\u00a0year,\u00a0demonstrating\u00a0the\u00a0growing\u00a0interest\u00a0in\u00a0blockchain\u00a0technology\u00a0and\u00a0cryptocurrencies\u00a0among\u00a0venture\u00a0capitalists\u00a0and\u00a0other\u00a0private\u00a0investors.\u00a0Exchanges\u00a0have\u00a0been\u00a0at\u00a0the\u00a0forefront\u00a0of\u00a0the\u00a0investment\u00a0craze,\u00a0with\u00a0the\u00a0likes\u00a0of\u00a0Mercado\u00a0Bitcoin,\u00a0Bitso,\u00a0FTX,\u00a0and\u00a0Pintu\u00a0generating\u00a0roughly\u00a0$1.4\u00a0billion\u00a0in\u00a0funding\u00a0over\u00a0the\u00a0course\u00a0of\u00a0the\u00a0past\u00a0several\u00a0months. These companies were formed in the wake of Coinbase’s enormous initial public offering (IPO) in April, which further elevated digital currency trading into the general consciousness. Cryptocurrency\u00a0trading\u00a0is\u00a0expected\u00a0to\u00a0pick\u00a0up\u00a0steam\u00a0now\u00a0that\u00a0more\u00a0investors\u00a0have\u00a0received\u00a0confirmation\u00a0of\u00a0a\u00a0two-pronged\u00a0bull\u00a0market\u00a0for\u00a0Bitcoin\u00a0(BTC)\u00a0and\u00a0other\u00a0assets.\u00a0According\u00a0to\u00a0reports,\u00a0politicians\u00a0in\u00a0the\u00a0United\u00a0States\u00a0are\u00a0planning\u00a0to\u00a0offer\u00a0fresh\u00a0crypto-focused\u00a0changes\u00a0to\u00a0the\u00a0infrastructure\u00a0bill,\u00a0which\u00a0is\u00a0expected\u00a0to\u00a0push\u00a0the\u00a0Bitcoin\u00a0price\u00a0beyond\u00a0$46,000\u00a0on\u00a0Monday.<\/p>\n","protected":false},"author":13,"featured_media":7498,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[202,2062,2063,1526],"class_list":["post-7494","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-blockchain","tag-blocktrade","tag-cryptis","tag-digital-assets"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/08\/image-91.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/7494","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=7494"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/7494\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/7498"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=7494"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=7494"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=7494"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}