Blocktrade Sales to Fintech Investors Could Lead to Growth

Following the Blocktrade sales to fintech investors from Estonia, they are looking to grow strategically with the help of this new acquisition.

A press statement shared with Coinspeaker has confirmed that Fred Kaasik has been appointed as the new CEO of Blocktrade. This digital asset platform facilitates the seamless purchase and sale of virtual currencies. Kaasik has more than two decades of experience in consumer relations and finance. According to the release, he “leads an accomplished team and investor group renowned for the development and execution of successful strategies in both traditional and emerging financial ecosystems, cryptocurrency mining, and regulatory compliance.”

Kaasik expressed his enthusiasm for “leading Blocktrade through the next expansion phase” and stated that the new management’s “expertise in traditional finance, capital markets, and compliance” will assist the crypto firm in reaching new heights and appealing to a user base.

“The new leadership’s expertise and resources will undoubtedly improve our platform, and I am confident that this acquisition will result in an even greater level of innovation and an improved user experience for all of our users,” stated Kaasik.

Blocktrade is scheduled to implement a comprehensive two-phase strategy that will commence immediately. The plan initially entails the addition of additional trading pairs, reducing transaction fees, improving the enrollment process, and preparing for the forthcoming MiCA regulations in Europe. Conversely, the second phase will prioritize integrating conventional finance systems with existing and upcoming services. This encompasses expanding crypto payment options and investment products to give consumers tangible, real-world advantages.

Kaasik also stated that in 2024, substantial efforts will be focused on developing crypto payment services, introducing POS devices, and unveiling the Blocktrade credit card. Additionally, the release indicated that Blocktrade will prioritize enhancing user experience.

“Blocktrade’s current customers can anticipate a smooth transition, which will include the continued availability of their current services and the introduction of new, improved features shortly.” Blocktrade stated, “The teams are committed to guaranteeing that this transition is beneficial and seamless for all stakeholders.”

Blocktrade, a “state-of-the-art digital asset platform,” was founded in 2018. It provides “a plethora of assets, a user-friendly interface, multiple payment options, saving plans, and exceptional customer support.” The platform is committed to transparency and has a community of over 5,000 class-B shareholders.

The company has also obtained registrations in critical regions. It is licensed as a virtual asset service provider (VASP) with Estonian, Italian, and Slovenian regulators and adheres to EU standards. Blocktrade guarantees complete adherence to the EU Anti-Money Laundering (AML) Directives and MiCA regulation.

It is crucial to mention that Blocktrade announced its partnership with Brillion Finance in a post on the social media platform X (formerly known as Twitter) just a few hours ago. The partnership is dedicated to “facilitating the development of new user acquisition channels for both projects and providing valuable insights into potential WaaS (Wallet as a Service) solutions.”

Nibras Stiebar-Bang, the chief executive of Brillion Finance, also expressed her enthusiasm for the partnership on X, as Blocktrade becomes her company’s new intelligent wallet partner.