The post New Investor Group Acquires Blocktrade to Propel Strategic Growth appeared on BitcoinEthereumNews.com.

Luxembourg, Luxembourg, June 24th, 2024, Chainwire Blocktrade is excited to announce that it has been acquired by a group of seasoned fintech investors from Estonia. This acquisition marks a significant milestone for all parties and sets the stage for an exciting future of innovation and growth. Under the new leadership, Blocktrade will undergo a strategic pivot, evolving into an easy-to-use modern financial hub catering to both B2B and B2C customers. This transformation aligns with Blocktrade’s commitment to delivering long-term value and services to its clients, shareholders and partners. The expertise and resources from the new investor group will enable Blocktrade to enhance and expand its offerings, providing comprehensive financial solutions and fostering a thriving environment for businesses and consumers alike. Christian Niedermüller, the former CEO of Blocktrade, has expressed enthusiasm about the acquisition: “We developed Blocktrade from a pretty average platform into a top-notch market standard platform with lots of special features in the last 2.5 years which has led to significant user growth. Security, regulatory compliance, and the convenience of navigating the platform improved significantly. The ownership change now is another chance for Blocktrade, its investors, and customers to develop Blocktrade even further. 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.” “We are excited to be part of the journey and take the lead on guiding Blocktrade through the next expansion phase,” said Fred Kaasik, the new CEO of Blocktrade. “By leveraging our expertise in traditional finance, capital markets, and compliance, we will execute our vision to shape the company into a modern financial institution. We’ll be implementing a two-stage strategy with immediate effect. The first part will introduce more trading pairs, reduce fees,…

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Filed under: News - @ June 24, 2024 8:20 pm