Ripple acquires Pantera's stake in exchange platform Bitstamp
Defi and Exchanges

Ripple acquires Pantera’s stake in exchange platform Bitstamp

Ripple acquired VC Pantera‘s stake in Bitstamp earlier this year. The deal aims to strengthen the existing partnership between the US blockchain firm and the European crypto exchange.

The acquisition was revealed in a statement released by Galaxy earlier this month, indicating that Galaxy had advised Pantera on the sale of its stake to Ripple Labs.

“More broadly in our global markets business, following a record year for our investment banking team, we advised Pantera, a leading blockchain asset management company, on the sale of its stake in European digital asset exchange Bitstamp to Ripple Labs in Q1,” said Galaxy president and CIO Chris Ferraro.

For her part, Ripple president Monica Long said in an interview on TheBlock that the acquisition would enable Ripple to expand its international presence and diversify.

Monica Long did not disclose details of the transaction, but pointed out that Ripple and Bitstamp had already been partners for some time.

Bitstamp, one of the first players to offer crypto transactions, was founded in 2011, at a time when the crypto industry was still new to most people.

The platform currently operates in over a hundred countries and is among the top ten cryptocurrency exchanges in terms of transaction volume, according to data from CoinMarketCap. In the last 24 hours, Bitstamp recorded a transaction volume of $175,002,445.

Article written by:

Laeti Marison, also known as SatoshiBelle, is a multifaceted professional with a passion for community management, content creation, and digital marketing. With a diverse background in various roles, Laeti has consistently demonstrated her expertise and dedication in the field. Recognizing her potential, Laeti then took on the responsibilities of a Project and Community Manager at Magna Numeris and Cartam from November 2018 to March 2021. In this role, she showcased her ability to successfully lead projects and foster strong relationships within the community. Currently, Laeti serves as an SEO content writer, Digital Marketing Manager, and co-founder at magazine, starting from February 2022 till now. Through her expertise in digital marketing and her passion for the crypto industry, she has contributed to the success of the magazine, ensuring its content remains relevant, engaging, and informative.

Join the discussion

  1. Pingback: Bitstamp obtains official registration with UK regulatory authorities - Trending Crypto News

  2. Pingback: Bitstamp obtains official registration with UK regulatory authorities – CryptoBitcoins News

Comments are now closed.
back to top