$50 million has been raised in a Series B by Flowdesk, the cryptocurrency market maker that recently joined Grayscale as a liquidity provider for its Bitcoin (BTC) exchange-traded fund (ETF).
Flowdesk Series B Funding: Bitcoin EFT Provider Raises $50 Million
Venture capital company Cathay Innovation led the funding round, which also includes contributions from BPI, ISAI, Cathay Ledger Fund, Ripple, and Eurazeo. With the money, Flowdesk plans to increase the scope of its over-the-counter (OTC) business, hire more staff, and broaden its regulatory footprint in the US and Singapore.
About Flowdesk
Financial technology startup Flowdesk is headquartered in Singapore, New York, and Paris. Flowdesk, which was founded in 2020, combines extensive experience in traditional markets with a keen understanding of cryptocurrency and algorithmic trading. A vast array of digital asset services, including market-making, custody, brokerage, and treasury management, are offered by Flowdesk.
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