French Crypto Bank Deblock Secures €30M for Growth in Europe
Funding for Expansion: French fintech firm Deblock secured 30 million euros in a Series A investment round led by Speedinvest, focusing on expanding its operations in the German market.
On-Chain Banking Services: Deblock aims to enhance its position in the crypto-financial sector by offering banking services that operate fully on the blockchain, bridging traditional finance with cryptocurrency.
Market Demand for Transparency: The company addresses the friction users face in traditional banking, emphasizing the need for a fully on-chain financial infrastructure that provides speed, flexibility, and user control.
Market Volatility: Current market data indicates Ethereum trading at $3,063.47, with a notable decrease in daily trading volume, suggesting a phase of market volatility.
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