US-based Bittrex has announced today that it has partnered with invest.com to launch a digital cryptocurrency trading platform.
The platform will be launched under the invest.com brand name and will only be available to investors in the European Union (EU) initially. Although the platform is not currently available, traders can pre-register for the platform now.
According to the statement, the cryptocurrency exchange will combine Bittrex’s trading platform technology and its , with invest.com’s , portfolio management, and equity trading.
Commenting on the news, Itai Avneri, invest.com’s spokesman and co-founder of the new venture partnership, said: “we are very excited to form this joint venture with Bittrex.
“Innovation and determination have led invest.com to take a strategic step forward into the new world of trading. The brand will focus solely on the emerging crypto industry.”
He also added: “We believe that excellent product experience coupled with supreme customer support, value-added services and regulation state of mind will provide the community of traders with the ultimate platform to trade cryptocurrency in a safe and secure environment.
“Our goal is to become the most reputable platform in the EU and later in numerous countries across the globe.”
According to the statement, although the exchange will be initially available only in the EU, the two companies plan to offer the platform in other markets in the future. Nonetheless, it will only be available in qualified regions and countries, depending on international laws and restrictions.
invest.com was established in 2014, and it has developed its own trading platform that offers derivative trading, portfolio management, algo-trading and equity trading. The company offers its services to 31 countries across Europe.
Earlier this year, that invest.com announced that its regulated subsidiary in Cyprus was closing its doors. The move came only about ten months after the company announced that it was AnyOption, a binary options brokerage turned CFDs trading provider.
Due to difficult conditions, invest.com no longer provides any investment services and ceased accepting new clients and deposits on April 9.
As a result, the brand has on the emerging crypto industry and aims to create a leading cryptocurrency exchange.
Bittrex
Founded in 2014, Bittrex is a Las Vegas-based blockchain trading platform that offers digital wallets and security practices. The exchange has become known as the for altcoins as over 250 trading pairs are listed on the exchange.
The CEO of Bittrex, Bill Shihara, also commented on the announcement: “Blockchain technology has the potential to provide groundbreaking solutions for businesses and consumers around the world. That’s why every action we take is geared toward advancing this emerging technology, including launching this new trading platform with invest.com.
“This partnership will increase customers’ access to some of the world’s most innovative blockchain projects and further drive adoption of this revolutionary technology.
“Today’s announcement is another exciting step forward for the industry and Bittrex as we continue expanding our global footprint through new services and strategic partnerships.”
Be First to Comment