Blocktrade Announces Acquisition by Fintech Investors, Eyes Strategic Growth

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As a seasoned crypto investor with over two decades of experience in traditional finance and consumer relations, I am thrilled about the recent appointment of Fred Kaasik as the new CEO of Blocktrade. Kaasik’s accomplished background and expertise in finance, capital markets, and compliance will undoubtedly bring significant value to Blocktrade and help it reach new heights.

Fred Kaasik has been officially announced as the new CEO of Blocktrade, a user-friendly digital asset platform facilitating effortless buying and selling of virtual currencies, according to a statement sent to Coinspeaker. With over two decades of experience in finance and consumer relations, Kaasik heads an accomplished team and investor group recognized for their success in designing and executing strategies within traditional financial markets, as well as emerging sectors like cryptocurrency mining and regulatory compliance.

Kaasik demonstrated his enthusiasm about leading Blocktrade into its subsequent growth period. He believed that the new team’s proficiency in conventional finance, capital markets, and regulatory compliance would significantly contribute to the crypto company’s advancement and broaden its user base.

As a researcher, I am excited about the forthcoming addition of expertise and resources from the new leadership. I am optimistic that this acquisition will significantly boost our platform’s capabilities and ultimately result in more innovative features and an enhanced user experience for everyone involved.

Starting from now, Blocktrade is set to implement a two-part plan. In the first stage, we will be adding new trading pairs, reducing transaction fees, streamlining user onboarding, and preparing for the upcoming MiCA regulations in Europe. During the second phase, our focus will shift towards integrating current and future services with traditional finance systems. This includes broadening crypto payment alternatives and creating investment products that provide genuine value to our users.

In 2024, we are committed to making substantial strides in the development of crypto payment solutions, POS devices, and the launch of our Blocktrade credit card. Our primary goal is to enhance the user experience.

“Blocktrade’s current clients will experience a hassle-free shift, retaining access to their existing functionalities while gaining new, advanced capabilities shortly. Our teams are committed to making this transformation an effortless and profitable experience for everyone involved,” according to Blocktrade.

About Blocktrade

Established in 2018, Blocktrade functions as a sophisticated digital asset platform, providing access to an extensive selection of assets. Its interface is intuitive for users, offering various payment methods, savings plans, and top-notch customer service. The company values transparency and boasts more than 5,000 class-B shareholders.

As an analyst, I would put it this way: I’m pleased to note that Blocktrade adheres to European Union (EU) regulations and holds necessary registrations in significant markets. We are duly licensed as a Virtual Asset Service Provider (VASP) by the regulatory bodies of Estonia, Italy, and Slovenia. In alignment with our commitment to compliance, Blocktrade ensures full adherence to EU Anti-Money Laundering (AML) Directives and the Markets in Crypto-Assets (MiCA) regulation.

A few hours ago, Blocktrade unveiled its collaboration with Brillion Finance through a post on social media platform X. The primary objective of this partnership is to share insightful information regarding prospective Wallet as a Service (WaaS) offerings and help each other expand user bases for their respective projects.

Nibras Stiebar-Bang, CEO of Brillion Finance, shared her enthusiasm about the collaboration on X by announcing that Blocktrade has become Brillion Finance’s new smart wallet partner.

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2024-06-24 15:10