Luxembourg, Luxembourg, June 24, 2024, Chainwire
Blocktrade is pleased to announce that it has been acquired by a group of experienced Estonian fintech investors. This acquisition marks an important milestone for all parties and sets the stage for an exciting future of innovation and growth.
Under new leadership, Blocktrade will undergo a strategic pivot, evolving into a modern, user-friendly financial center serving B2B and B2C customers. This transformation aligns with Blocktrade's commitment to providing long-term value and services to its customers, shareholders and partners.
The experience and resources of the new group of investors will allow Blocktrade to enhance and expand its offerings, providing comprehensive financial solutions and fostering a prosperous environment for both businesses and consumers.
Christian Niedermüller, former CEO of Blocktrade, expressed his excitement about the acquisition: “We developed Blocktrade from a fairly average platform to a top-tier market standard platform with many special features over the last two and a half years, which has led to significant user growth. The security, regulatory compliance and convenience of The change in ownership is now another opportunity for Blocktrade, its investors and customers to develop Blocktrade further. The experience and resources of the new leadership will undoubtedly improve our platform, and I am confident that this acquisition will lead to even greater innovation and an improved user experience for all of our users.”
“We are excited to be part of the journey and take the lead in guiding Blocktrade through the next phase of expansion.” said Fred Kaasik, the new CEO of Blocktrade. “Leveraging our expertise in traditional finance, capital markets and compliance, we will execute our vision to build the company into a modern financial institution. We will implement a two-stage strategy with immediate effect. The first part will introduce more trading pairs, reduce fees, improve onboarding efficiency and prepare for upcoming MiCA regulations. Our second stage will focus on integrating existing and future services with traditional finance, including crypto payments and investment products to deliver tangible user value and POS. The devices, along with the Blocktrade credit card, will be a big part of what the team focuses on in 2024.”
Existing Blocktrade customers can expect a smooth transition, with continued access to their current services and the addition of new and improved features in the near future. The teams are dedicated to ensuring this transition is seamless and beneficial for all stakeholders.
We extend our sincere thanks to our customers, partners and employees for their continued support and trust. We look forward to embarking on this exciting journey together as we build a brighter financial future.
About Fred Kaasik and the investment group: Fred Kaasik has more than 20 years of experience in the financial industry and related consumer services. He leads an accomplished team and group of investors recognized for designing and implementing successful strategies in traditional and emerging financial ecosystems, cryptocurrency mining and regulatory compliance.
About Blocktrade: Blocktrade is a next-generation digital asset platform that enables the seamless buying and selling of different cryptocurrencies. The platform offers a wide range of assets, a user-friendly interface, multiple payment options, savings plans, and exceptional customer support.
Founded in 2018, Blocktrade has become a leading player in the digital asset industry due to its unwavering commitment to security and regulatory compliance. The platform is fully transparent, has more than 5,000 class B shareholders and is regulated according to EU standards. It is registered as a VASP with regulators in Estonia, Italy and Slovenia and operates in full compliance with the EU Anti-Money Laundering Directives and MiCA regulation.
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This article was originally published on Chainwire.
