Bitcoin Broker Prasos Completes 2.5M EUR Equity Funding Round
Bitcoin brokers have become somewhat popular as of late. These companies specialize in providing Bitcoin liquidity to consumers not willing to use traditional exchanges. One of these companies goes by the name of Prasos. This Nordic broker has raised 2.5m EUR in equity funding to expand its presence across Europe.It will be interesting to see what type of cryptocurrency-based investment services they will offer across the continent.
There are quite a few Bitcoin brokers all over the world. Especially in Europe, such services are plentiful. In fact, there may be more European brokers compared to regular cryptocurrency exchanges. That in itself is pretty interesting to keep an eye on. Prasos is one of these companies active in this particular industry. The company has been looking for 2.5m EUR in equity funding since November 2017. This milestone has now been reached, which is pretty impressive.
Prasos Wants to Expand Across Europe
More specifically, this round closed on December 23rd. It is evident a lot of investors didn’t want to miss out on this opportunity. Prasos plans to expand its presence across the rest of Europe moving forward. Offering cryptocurrency-based investment services to institutional investors is their main objective. With over 1,000 new shareholders, the future is looking rather bright for this firm.
Prasos CEO Henry Brade comments as follows:
“We have a very positive view of the future of our sector and expected the round to be successful, but the reception that we received in the market exceeded all our expectations. We are very satisfied with the result and grateful for the confidence that all our investors have placed in us. Our company has challenging work ahead and this capital boost will help us to gain better results faster.”
With this money, the company hopes to achieve a few different things. First of all, they want to expand across Europe. There is also a plan to potentially acquire other companies in target markets. Moreover, Prasos wants to launch a cryptocurrency investment fund. Attracting institutional investors is always a smart idea when it comes to cryptocurrency. There is a growing interest in cryptocurrency which can no longer be denied.!