BITLEVEX Raises $50M to Take on FTX, Coinbase Crypto Trading Platforms

BITLEVEX, an Estonia-based investment platform building a diverse range of financial services, announced today that it had secured an investment facility totaling $50M from GEM Digital Limited, a digital asset investment firm. The Bahamas-based firm actively sources, constructs, and invests in utility tokens listed on over 30 CEXs and DEXs worldwide.

The investment will enable BITLEVEX to scale its promotional strategies, hire qualified talent, and build a diversified product selection (as shown in their whitepaper). These include added features to their existing products, the launch of an NFT marketplace, a wallet service, merchant payment solutions, and their own crypto debit cards.

“Thanks to our partnership with GEM, we will be able to materialize our vision, driving attention to BITLEVEX and its products. Our scaling targets are aimed at increasing the decentralization of our platform while educating a new generation of investors,” Mikhail Skoblov, the CEO and Co-Founder of BITLEVEX, said. He also stated that “in times of major uncertainty like we are experiencing right now, it is our responsibility to work harder and hire more.”

BITLEVEX is an investment platform currently focused on cryptocurrency options trading. Since its inception in 2019, the platform has built a community of 50,000+ registered users and is now in the process of launching its native utility token – BLEX.

“Bear markets always refresh the industry by eliminating scams and greed. Smart investors know how to make money on both bear and bull markets. Using BITLEVEX’s trading tools, users can extract the most value from volatility even during a bear market,” Skoblov stated.

The mission of BITLEVEX is to provide user-friendly onboarding to new cryptocurrency users, as well as financial education, products, and services within the scope of Web3. The company is already building a diverse selection of investment products that are easy to use and incentivize user participation.

GEM Digital Limited is a digital asset investment firm. Based in The Bahamas, the firm actively sources, structures, and invests in promising utility tokens listed on over 30 centralized and decentralized exchanges globally.

GEM (Global Emerging Markets) is a $3.4 billion alternative investment firm with offices in Paris, New York, and the Bahamas. GEM oversees a wide range of developing market investment vehicles and has executed over 525 transactions in 75 countries. The degree of operational control, risk-adjusted return, and liquidity profile of each investment vehicle vary. GEM and its partners have access to Small-Mid Cap Management Buyouts, Private Investments in Public Equities, and select venture investments through the family of funds and investment vehicles.

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