Blocktrade Acquired by Leading Fintech Investors for Strategic Expansion



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Blocktrade proudly announces that it has been acquired by a group of innovative Estonian fintech investors. The move marks a strategic shift for all parties involved and sets the foundations for future innovation and growth in the crypto market.

The acquisition of Blocktrade by its new Estonian leadership team will lead to a complete overhaul of the digital asset trading platform. Under this new leadership, Blocktrade will become an advanced user-friendly financial hub for both business-to-business (B2B) and business-to-consumer (B2C) markets.

A New Venture

The strategic shift and restructuring of Blocktrade’s purpose will deliver value and dedicated expertise to its shareholders, partners, and client — enabling an overall expansion of all its financial solutions. By creating a long-term solution for B2B and B2C markets, Blocktrade’s acquisition will create a versatile and adaptable platform for both businesses and consumers.

Christian Niedermüller, previously the CEO of Blocktrade, expressed enthusiasm about the strategic transition: 

“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 also express his shared enthusiasm for the acquisition and strategic pivot:

“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.”

Smooth Acquisition, Smooth Transition

Blocktrade’s existing customers should expect to receive ongoing access to current services during the transition, with the addition of new features over time. Both the new investors and Blocktrade are committed to ensuring that the transition period is both seamless and advantageous for all stakeholders.

During this transition period, Blocktrade and its new leadership express their deep gratitude to all employees, clients, and partners for their continued support during this time. The new Blocktrade team composition is set to build a brighter future through the creation of the B2B and B2C-tailored modern financial hub.

Leadership and Innovation

Fred Kaasit delivers over 20 years of experience in both the financial sector and related consumer services to the new leadership team of Blocktrade. Kaasit leads an accomplished team and investor renowned for their success in both developing and traditional financial markets, crypto mining, and regulatory compliance.

Blocktrade is the bleeding-edge crypto trade facilitation platform, enabling the smooth trading of an array of cryptocurrencies for users. The trading platform offers a large range of assets, multiple payment options, saving plans, a user-friendly interface, an unparalleled customer support. 

Founded in 2018, Blocktrade become a key figure in the digital asset industry, committed to both regulatory and security compliance for all users. The esteemed platform is 100% transparent, adheres to European Union (EU) standards and has over 5,000 class-B shareholders. 

The leading digital asset trading platform is registered as a virtual asset service provider (VASP) with regulators in Estonia, Italy, Slovenia. It is also compliant with EU Anti-Money Laundering (AML) Directives, as well as with the Markets in Crypto-Assets (MiCA) regulations.

 

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.



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