The post Blocktrade Announces Acquisition by Fintech Investors, Eyes Strategic Growth appeared on BitcoinEthereumNews.com.

Coinspeaker Blocktrade Announces Acquisition by Fintech Investors, Eyes Strategic Growth Fred Kaasik has been confirmed as the new CEO of Blocktrade, a digital asset platform allowing seamless purchase and sale of virtual currencies, as per a press statement shared with Coinspeaker. Kaasik has over 20 years of experience in the finance sector and with consumer relations and “leads an accomplished team and investor group renowned for devising and implementing successful strategies across both traditional and emerging financial ecosystems, cryptocurrency mining, and regulatory compliance,” read the release. Kaasik expressed his excitement on “guiding Blocktrade through the next expansion phase”, adding that the new management’s “expertise in traditional finance, capital markets, and compliance” will help the crypto firm achieve new heights and appeal to a user base. “Expertise and resources from the new leadership will undoubtedly enhance our platform, and I am confident this acquisition will lead to even greater innovation and an improved user experience for all our users,” said Kaasik. Blocktrade is set to roll out a comprehensive two-phase strategy starting immediately. Initially, the plan involves adding more trading pairs, lowering transaction fees, enhancing the onboarding process, and gearing up for the impending MiCA regulations in Europe. On the other hand, the second phase will concentrate on merging current and future services with traditional finance systems. This includes expanding crypto payment options and investment products to offer real, tangible benefits to users. Kaasik also added that in 2024, significant efforts will be directed towards developing crypto payment services, POS devices, and launching the Blocktrade credit card. The release further stated that Blocktrade will also focus on improving user experience and “Blocktrade’s existing customers can expect a seamless transition, with continued access to their current services and the addition of new, enhanced features in the near future. The teams are dedicated…

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Filed under: News - @ June 24, 2024 11:22 pm