Well-known encryption financial companies are continuously divesting their businesses to focus on stablecoins and seek strategic transformation.

Recent news indicates that a well-known Crypto Assets Financial Service company is considering selling its crowdfunding business after continuously divesting multiple business zones. According to industry insiders, due to numerous structural issues present at the time of the acquisition of the crowdfunding platform, the company may find it difficult to locate a suitable buyer for this business.

Just a day earlier, the company announced the sale of its trading platform aimed at retail investors to a Canadian cryptocurrency broker. Approximately 40,000 customers will complete the platform migration by the end of March. In addition, the company's new stablecoin platform service features will also be integrated into the acquirer's system.

Looking back to mid-December last year, the company announced through its official blog that it would sell its over-the-counter (OTC) business to another well-known trading platform. The company stated that it would shift its focus to the stablecoin business in 2020.

The series of business divestitures and restructuring actions have sparked widespread discussions in the industry regarding the company's strategic direction. Some analysts believe that the company is repositioning itself in the Crypto Assets market by focusing on the stablecoin sector. However, whether this strategic adjustment will be successful remains to be further validated by the market.