Blocktrade raised €45M in BTEX Token sale

  • Blocktrade, a gamified crypto asset and marketplace, has announced that it has raised €4.5 million in an exclusive sale of its BTEX token.
  • The sale attracted 1,400 participants from 42 countries and was open to Blocktrade VIP members.
  • The funds raised will be used to grow the Blocktrade platform.

The BTEX token will be used to power the Blocktrade ecosystem and holders will have access to benefits such as reduced trading fees and participation in airdrops.

Blocktrade CEO Christian Niedermueller expressed gratitude for the overwhelming response and participation of Blocktrade VIP members to this exclusive token sale round. He added that this points to the growing demand for an accessible and engaging digital asset trading platform.

The launch of the BTEX token is the latest development in Blocktrade’s rapid growth. The platform was established in 2018 and has received VASP registrations in Estonia, Italy, and Slovenia.