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, improve onboarding
efficiency, and prepare for the upcoming MiCA regulations. Our
second stage will focus on integrating existing and upcoming
services with traditional finance, including crypto payments and
investing products to deliver tangible user value. Crypto payment
services and POS devices, along with the Blocktrade credit card,
will be a big part of what the team will focus on in
2024."
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 to ensuring that this transition is smooth and
beneficial for all stakeholders.
We extend our heartfelt gratitude to our clients, 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.
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About Fred Kaasik and the Investor Group: Fred
Kaasik has over 20 years of experience in the financial industry
and related consumer services. He 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.
About Blocktrade: Blocktrade is a
state-of-the-art 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, saving plans, and exceptional customer
support.
Established in 2018, Blocktrade has emerged as a leading player
in the digital asset industry due to its unyielding commitment to
security and regulatory compliance. The platform is fully
transparent, with over 5,000 class-B shareholders, and regulated to
EU standards. It is registered as a VASP with the Estonian,
Italian, and Slovenian regulators and operates in full compliance
with EU Anti-Money Laundering Directives and MiCA regulation.
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Contact
Marketing
Manager
Grant
Gohl
g.gohl@blocktrade.com