UK fintech company GSTechnologies acquires Polish crypto service provider Finferno to accelerate European expansion

ChainCatcher reports that, according to Investing.com, UK fintech company GSTechnologies Ltd (London Stock Exchange: GST) announced the acquisition of Polish virtual asset service provider Finferno Spółka Z Ograniczoną Odpowiedzialnością, with the transaction amount undisclosed. The acquisition was funded by GST’s existing cash resources, aiming to expand the company’s digital asset business in Poland and Central Europe. Through this deal, GST will be able to launch new digital asset exchanges and wealth management services in Poland, initially operating in a pilot phase. GST Chairman Tone Goh stated in the press release that this acquisition aligns with the company’s plan to internationalize its digital asset business GS Fintech in markets with strong potential.