Luxembourg, Luxembourg, June 24th, 2024, Chainwire
Blocktrade has recently been acquired by a group of experienced fintech investors hailing from Estonia, marking a significant milestone for all involved parties and paving the way for a promising future of innovation and expansion.
Under the new ownership, Blocktrade is set to undergo a strategic transformation, transitioning into a user-friendly modern financial center that caters to both business-to-business (B2B) and business-to-consumer (B2C) clientele. This shift aligns with Blocktrade's dedication to delivering enduring value and services to its customers, shareholders, and partners.
The infusion of expertise and resources from the fresh group of investors will empower Blocktrade to enrich and broaden its solutions, offering comprehensive financial services and fostering a dynamic ecosystem for enterprises and individuals.
Blocktrade's former CEO, Christian Niedermüller, has expressed optimism about the acquisition, highlighting the platform's evolution into a leading industry standard with significant user growth over the past 2.5 years. The change in ownership presents a new opportunity for Blocktrade, its investors, and clients to further enhance the platform. With enhanced expertise and resources from the new leadership, the platform is poised for advancement, promising even greater innovation and an improved user experience.
Fred Kaasik, the newly appointed CEO of Blocktrade, looks forward to steering Blocktrade through its forthcoming expansion phase. Leveraging expertise in traditional finance, capital markets, and compliance, Kaasik intends to transform the company into a contemporary financial institution. The strategic approach involves a two-pronged strategy focusing on expanding trading pairs, reducing fees, streamlining onboarding processes, and readying for upcoming regulatory developments. Additionally, the integration of existing and new services with traditional finance, such as crypto payments and investment products, aims to provide tangible value to users. The team's key attention in 2024 will be on crypto payment services, point-of-sale (POS) devices, and the Blocktrade credit card.
Existing customers of Blocktrade can anticipate a smooth transition with ongoing access to current services and the introduction of enhanced features in the near term. The teams are dedicated to ensuring a seamless and mutually beneficial transition for all stakeholders.
Blocktrade extends its sincere appreciation to its clientele, partners, and workforce for their unwavering support and confidence. The company looks ahead to embarking on this transformative journey together towards a brighter financial landscape.
About Fred Kaasik and the Investor Group: Fred Kaasik boasts over two decades of experience in the financial sector and related consumer services. Leading a proficient team and investor group recognized for their successful strategies in traditional and emerging financial domains, cryptocurrency mining, and regulatory compliance.
About Blocktrade: Established in 2018, Blocktrade is a cutting-edge digital asset platform facilitating seamless transactions of various cryptocurrencies. With a diverse range of assets, user-friendly interface, multiple payment options, saving plans, and exceptional customer service, Blocktrade has positioned itself as a key player in the digital asset sector. Committed to security and regulatory adherence, the platform is transparent, boasts over 5,000 class-B shareholders, and operates in compliance with EU standards, registered as a VASP with Estonian, Italian, and Slovenian regulators in full alignment with EU Anti-Money Laundering Directives and MiCA regulation.
