Blocktrade is thrilled to announce that a group of seasoned fintech investors from Estonia have acquired the company. All parties see this transaction as a major turning point that paves the way for an exciting future of expansion and innovation.
Blocktrade will strategically reposition itself under the new management, becoming a user-friendly, cutting-edge financial center that serves both B2B and B2C clients. This change is in line with Blocktrade’s objective to provide its customers, shareholders, and partners with long-term value and services.
Blocktrade will be able to improve and broaden its offerings, delivering complete financial solutions and creating a vibrant environment for both consumers and companies, thanks to the knowledge and resources from the new investor group.
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.”
Fred Kaasik, the new CEO of Blocktrade stated:
“We are excited to be part of the journey and take the lead on guiding Blocktrade through the next expansion phase. 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.”
Customers of Blocktrade may anticipate a smooth transition during which they will still be able to use their present services and soon will be able to access new, improved features. The teams are committed to making sure that this shift goes well and benefits all parties involved.
We really appreciate the support and confidence that our customers, partners, and staff have shown us over the years. As we work to create a more promising financial future, we are excited to set off on this amazing adventure together.