As an experienced financial analyst, I believe that Blocktrade’s acquisition by Estonian fintech investors is a positive development for the company. This strategic shift will bring about significant changes to the digital asset trading platform, transforming it into a user-friendly financial hub catering to both B2B and B2C markets.
As a proud crypto investor and user of Blocktrade, I’m thrilled to share exciting news with you. A dynamic group of forward-thinking Estonian fintech investors has recently acquired our beloved platform. This strategic move signifies a significant shift for all parties involved and paves the way for future groundbreaking innovations and growth in the ever-evolving crypto market. Let’s continue to ride this wave together!
The change in leadership at Blocktrade, now headed by Estonian team members, is set to result in a comprehensive transformation of the digital asset trading platform. With this new leadership comes the vision to develop Blocktrade into a sophisticated financial hub, catering to both business-to-business (B2B) and business-to-consumer (B2C) markets.
A New Venture
Through the strategic realignment and restructuring of Blocktrade, we aim to provide significant value and specialized knowledge to our shareholders, partners, and clients. This transformation will pave the way for an extensive enhancement of all financial offerings provided by Blocktrade.
I, Christian Niedermüller, formerly holding the position of CEO at Blocktrade, have conveyed my excitement regarding the planned strategic shift.
As an experienced analyst, I can tell you that over the past 2.5 years, we’ve transformed Blocktrade from a standard trading platform into an exceptional one with numerous unique features. This evolution has resulted in substantial user growth, as security and regulatory compliance have significantly improved, making it easier for users to navigate the platform. With the recent ownership change, there is yet another opportunity for Blocktrade, its investors, and customers to push the platform even further. The new leadership’s expertise and resources will undoubtedly elevate our platform, and I am optimistic that this acquisition will lead to more groundbreaking innovations and an enhanced user experience for everyone involved.
Fred Kaasik, the newly appointed CEO of Blocktrade, similarly voices his excitement about the recent acquisition and our resulting strategic shift.
“Thrilled to join Blocktrade’s growth journey and spearhead its transition into a forward-thinking financial institution. Utilizing our proficiency in conventional finance, capital markets, and regulatory compliance, we’ll bring our vision to life. Kickstarting with an immediate two-pronged approach: the initial phase includes adding more trading pairs, lowering fees, streamlining onboarding, and readying for MiCA regulations. The subsequent phase will center around merging existing and upcoming services with traditional finance, encompassing crypto payments, POS devices, and investing solutions to create meaningful benefits for users.”
Smooth Acquisition, Smooth Transition
During the transition process, Blocktrade’s existing clients can anticipate continued access to their current services. Furthermore, they will gradually benefit from new features being introduced. Both the new investors and Blocktrade are dedicated to making this period as smooth and beneficial as possible for all parties involved.
As Blocktrade undergoes this transformation, its interim leaders extend their heartfelt appreciation to each employee, client, and partner for their unwavering commitment during this process. The revamped Blocktrade team is poised to construct a more promising future by establishing a cutting-edge financial platform catering to both B2B and B2C markets.
Leadership and Innovation
Fred Kaasit brings a rich background of over 20 years’ experience in the financial sector and related consumer services to the new management team at Blocktrade. He leads a distinguished group of individuals who have achieved great success in various financial markets, including crypto mining, and regulatory compliance, making them highly respected among investors.
Blocktrade leads the way in facilitating advanced crypto transactions, allowing users to easily buy and sell various cryptocurrencies. Featuring a vast selection of assets, versatile payment methods, savings plans, and an intuitive design, this platform delivers an exceptional trading experience with top-notch customer service.
Established in 2018, Blocktrade has made a significant mark in the digital asset sector, prioritizing regulatory and security compliance for all its users. This highly regarded platform is completely transparent, aligns with European Union (EU) regulations, and boasts more than 5,000 class-B shareholders.
This top-tier digital asset exchange platform holds regulatory approvals as a Virtual Asset Service Provider (VASP) from Estonian, Italian, and Slovenian authorities. It adheres to the European Union’s Anti-Money Laundering (AML) Directives and the Markets in Crypto-Assets (MiCA) regulations.
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2024-06-24 11:43