Luxembourg, Luxembourg, June 24th, 2024
Blocktrade has recently been acquired by a group of experienced fintech investors from Estonia, marking a significant milestone for the company. This acquisition sets the stage for a promising future focused on innovation and expansion.
Under the new ownership, Blocktrade is poised for a strategic transformation, transitioning into a modern financial hub that caters to both business-to-business (B2B) and business-to-consumer (B2C) customers. This shift reflects Blocktrade's dedication to providing sustainable value and services to its clients, shareholders, and partners.
The infusion of expertise and resources from the investor group will empower Blocktrade to enhance its offerings and widen its scope, offering comprehensive financial solutions and fostering a dynamic environment for businesses and consumers.
Christian Niedermüller, the former CEO of Blocktrade, expressed optimism about the acquisition, emphasizing the platform's evolution over the past 2.5 years. He highlighted the platform's growth and improvements in security, regulatory compliance, and user experience. With the change in ownership, Niedermüller sees an opportunity for further development and innovation with the support of the new leadership.
Fred Kaasik, the newly appointed CEO of Blocktrade, announced plans for the company's expansion phase. Leveraging his expertise in traditional finance, capital markets, and compliance, Kaasik aims to transform Blocktrade into a modern financial institution. The strategic plan includes introducing more trading pairs, reducing fees, enhancing onboarding processes, and preparing for upcoming regulatory changes. Additionally, the integration of crypto payments and investing products into traditional finance services is a key focus for the future.
Existing customers of Blocktrade can anticipate a seamless transition with the continuation of current services and the introduction of enhanced features in the near term. The teams involved are committed to ensuring a smooth and beneficial transition for all stakeholders.
Gratitude is extended to clients, partners, and employees for their ongoing support and trust. The company looks forward to embarking on this new chapter as it works towards a brighter financial future.
About Fred Kaasik and the Investor Group: Fred Kaasik brings over 20 years of experience in the financial industry and consumer services. He leads a skilled team and investor group known for successful strategies in traditional and emerging financial sectors, including cryptocurrency mining and regulatory compliance.
About Blocktrade: Founded in 2018, Blocktrade is a cutting-edge digital asset platform facilitating the seamless buying and selling of various cryptocurrencies. The platform boasts a diverse range of assets, user-friendly interface, multiple payment options, savings plans, and exceptional customer support. Recognized for its steadfast commitment to security and regulatory adherence, Blocktrade has become a prominent player in the digital asset industry. Compliant with EU standards and registered with multiple regulators, including Estonian, Italian, and Slovenian authorities, Blocktrade operates in alignment with EU directives and regulations.
