Bitcoin's veteran exchange Bitstamp has raised more than $1.3 million through crowdfunding

Bitstamp, known as the "stamp" in the Bitcoin industry, has also recently embarked on a crowdfunding campaign. Its campaign has so far received more than $1.3 million in funds, completing its planned goal ahead of schedule. According to Bitstamp founder Nejc Kodrič, the crowdfunding campaign will continue.

It is reported that Bitstamp has 21 days left in its crowdfunding campaign on the BnkToTheFuture platform, and the total number of shares sold by the exchange accounts for 2% of the total share capital (that is, the current valuation of the Bitstamp platform is approximately US$65 million).

As of press time, Bitstamp has raised $ 1,365,240 , exceeding its original target of $1.2 million, with 258 investors participating.

Nejc Kodrič told reporters that the funds raised from this round of crowdfunding will be used to expand the service market of the Bitstamp platform and provide new services to users.

Kodrič told reporters:

“The success of this crowdfunding campaign will allow us to focus more on new untapped markets and implement exciting new features (such as new trading pairs). We will continue to put our customers first and ensure that the platform provides advanced solutions in a user-friendly way.”

The crowdfunding campaign comes a few months after Bitstamp received a Luxembourg payment structuring license in mid-2016, which opened the door for Bitstamp to enter the European market.

Of course, Bitstamp has not always had smooth sailing. Two years ago, Bitstamp lost 18,866 BTC due to a phishing attack, which is equivalent to approximately US$19 million at current market prices.

As an exchange that once received tens of millions of dollars in financing, this hacking incident also dealt a heavy blow to it.

Today, Bitstamp appears to have recovered some of its strength and is the seventh-largest bitcoin exchange by monthly trading volume, according to data provider Bitcoinity.

Following the success of the crowdfunding campaign, Kodrič seemed to be in a very good mood. “We are very grateful for the success of this crowdfunding and would like to thank all the investors and customers, both new and existing,” he said.