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CDS Startups Flowdesk Series B Funding: Bitcoin EFT Provider Raises $50 Million

Startups

Flowdesk Series B Funding: Bitcoin EFT Provider Raises $50 Million

Flowdesk series B funding completed.

lectertodd18/01/20241 Mins read198

Flowdesk Series B Funding: Bitcoin Eft Provider Raises $50 Million

$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).

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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.

Sources:coindesk

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Lectertodd is 27 years old. She graduated from Çankaya University, Department of Psychology, in 2021. She actively works as a writer, translator, and editor for various websites. Moreover, she loves reading, researching, and learning new things.

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