The pressured crypto trading platform says it aims to secure funding and resume retail trading later this week.
BitPrime Last week, we suspended our business, blaming the worst of business outages, rising costs and market instability.
But its CEO, Ross Carter Brown, said he is currently raising hundreds of thousands of dollars from people in the crypto community and even from competitors.
The company was ready for over-the-counter transactions, but he said he was waiting for the ducks to line up first and then resume retail transactions first.
“”[We’re] We want to secure the right capital so that we don’t get into the same situation in the next few weeks. That also applies to our consumer segment.
“There are some technical changes that need to be made, but we’re almost ready and will be published later this week.”
Carter Brown said he did not know the exact date and time of the resumption of trade.
BitPrime also did not say exactly how much it procured or which competitors came to the rescue.
In the meantime, the company announced a new BitPrime Supporter Initiative, enabling the crypto community to support the company and play a role in its governance.
According to Carter Brown, support is divided into donation stages and rewards depend on the level of financial contribution.
“This is the way to express the amount of support we have received from our customers, the broader crypto community.
“They can provide services in kind or donate cryptocurrencies, etc. in exchange for various rewards.”