Bit Trade, an Australia-based digital currency exchange platform, announced last week the launch of its new equity crowdfunding campaign on Equitise, seeking $3 million for growth and expansion. Founded in 2013, Bit Trade claims it is Australia’s longest running cryptocurrency exchange and believes that investing in and engaging with blockchain assets should be as intuitive as sending an email.
“Bit Trade caters to the specific needs of SMSFs and Trust Funds, sophisticated investors, institutional clients, hedge funds, and family offices with our Over-The-Counter Trading Desk. In partnership with some of the world’s largest financial institutions, we provide superior access to a range of leading digital assets.”
Bit Trade noted it plans to launch operations in Canada, New Zealand, and Indonesia and is seeking to expand its services deeper into Asia, North America, and Europe in the next 24 months. The company stated that over the past 11 months, it has laid the foundations to accommodate institutional money and fuel the next wave of growth for the digital asset class.
“We believe a new wave of adoption is on the horizon and have the team and tools to facilitate this growth.”
Speaking about the funding round, the Bit Trade team revealed:
“You already know that crypto is here to stay. Our equity crowdfunding campaign is an opportunity to re-think the way you invest in the industry. Our offer is not the same as investing in bitcoin or any other asset. Instead, you are backing an established company with a proven track record and the capacity to adapt to the market — which is changing rapidly right now. Bit Trade is the picks and shovel business and are in prime position to service the new wave of smart money entering into this space and to assist enterprise adopt blockchain into their operations and business models.”
Since launching, the funding round has raised more than AUS$80,000. It is set to close mid-December.
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