We’re excited to announce that Blocktrade has been acquired by a group of seasoned fintech investors from Estonia. This acquisition marks a significant milestone for all parties and sets the stage for an exciting future of innovation and growth.
Under the new leadership, Blocktrade will undergo a strategic pivot, evolving into an easy-to-use modern financial hub catering to both businesses and individual customers. The transformation aligns with our commitment to delivering long-term value and services to our clients, shareholders and partners.
The expertise and resources from the new investor group will enable Blocktrade to enhance and expand its offerings, providing comprehensive financial solutions and fostering a thriving environment for businesses and consumers alike.
Christian Niedermüller, the former CEO of Blocktrade, has expressed enthusiasm about the acquisition: “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.”
“We are excited to be part of the journey and take the lead on guiding Blocktrade through the next expansion phase,” said Fred Kaasik, the new CEO of Blocktrade. “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.”
Our existing customers can expect a seamless transition, with continued access to their current services and the addition of new, enhanced features in the near future. Our team is dedicated to ensuring that this transition is smooth and beneficial for all stakeholders.
We extend our heartfelt gratitude to our clients, partners, and employees for their continued support and trust. We look forward to embarking on this exciting journey together as we build a brighter financial future.
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About Fred Kaasik and the Investor Group: Fred Kaasik has over 20 years of experience in the financial industry and related consumer services. He leads an accomplished team and investor group renowned for devising and implementing successful strategies across both traditional and emerging financial ecosystems, cryptocurrency mining, and regulatory compliance.
