French crypto market maker Flowdesk raises $102 million to expand services, including setting up a crypto credit department

Odaily Planet Daily News: French cryptocurrency trading company Flowdesk has successfully raised $102 million, of which about 90% is equity financing and about 10% is debt financing. The new funds will be used to expand services, including establishing a cryptocurrency credit department and opening an office in the United Arab Emirates. Flowdesk focuses on market making and liquidity provision, and has achieved an eight fold increase in revenue by 2024. This round of financing is led by European investor HV Capital and involves participation from French private equity firm Eurazeo and others. Debt financing comes from funds managed by BlackRock. Flowdesk plans to use this funding to expand its OTC derivatives business and provide competitive lending and loan solutions. The company will also increase the number of employees and open more offices in the next year. In addition, Flowdesk is actively preparing to comply with the EU MiCA regulations.